Executive Vice President William Wood Jr. exercised options for 70,800 shares for a total of $1.31 million. He then sold those shares at market price for a total of $2.64 million.
President and CEO Tom Folliard exercised options for 340,000 shares for a total of $7.27 million. He then sold those shares at market price for $12.72 million.
Eric Margolin, the company’s general counsel, exercised options for 50,000 shares at $19.36 per share. He then sold 56,716 shares at market price for a total of $2.13 million.
On Dec. 18, Dominion’s board accepted the resignation of Frank S. Royal from his position as a director.
The company approved retention grants for executives Mark F. McGettrick, Paul D. Koonce and David A. Christian of 47,893, 28,736 and 28,736 shares, respectively, of restricted stock.
Franklin Financial (FRNK)
Executives and members of the company’s board each acquired hundreds of shares at $17.01 per share as part of a deferred compensation plan.
The specialty insurer continued its recent streak of sales of its stake in Union First Market Bankshares by striking a deal for the bank to buy back 750,000 shares at $15.44 per share, or a total of $11.58 million. Markel still owns 2.62 million shares of Union stock.
The company issued $350 million in bonds dated Dec. 20 and due in 2022.
Village Bank & Trust Financial (VBFC)
The Midlothian bank said received notice from the Nasdaq Stock Market that it has regained compliance with the minimum bid price requirement. It had faced potential delisting if its stock price failed to once again reach $1 per share for a set period of time. The matter is now closed, the bank said.