Brian Quigley, president of the company’s U.S. Smokeless Tobacco subsidiary, sold 1,235 shares at $36.94 per share, for a total of $45,620.
The company’s directors were each awarded 4,285 shares at no cost as part of stock compensation plan.
Apple REIT Ten
The REIT entered into purchase contracts for the potential acquisition of five hotels for a total price of $85.3 million. The deals include a Homewood Suites in Oklahoma City and Denton, Texas; a Hampton Inn & Suites in Colorado Springs, Colo.; and a Courtyard Marriott and Residence Inn in Franklin Cool Springs, Tenn.
Community Bankers Trust (ESXB)
Glenn Dozier, a director, acquired 3,000 shares at $3.24 per share.
Director John Watkins acquired 3,100 shares at $3.25.
Franklin Financial (FRNK)
Steven Lohr, a vice president, sold 5,000 shares at $18.10.
Fresh off its $3 billion acquisition of a reinsurance firm in Bermuda, Markel approved salary increases for its top executives. It said the raises take into account the increased size and complexity of the company following its acquisition this month of Alterra Capital Holdings.
The company also offered awards of restricted stock units to five of its top executives to help assure they continue to help the company oversee the integration of Alterra.
As a result, Chairman and CEO Alan Kirschner’s base salary was bumped to $900,000 from $666,000 as of May 1. He also was awarded 3,805 shares of restricted stock.
Chief investment officer Tom Gayner and co-COO Richard Whitt had their base jump to $750,000 from 575,000. Co-COO Michael Crowley saw a $200,000 jump to $750,000. They each received 3,805 shares of restricted stock.
Vice Chairman Steve Markel’s base salary was raised from $600,000 to $700,000.
CFO Anne Waleski’s base jumped from $361,000 to $425,000.
Owens & Minor (OMI)
Anne Whittemore, a director, exercised options for 7,500 shares at $16.05. She then sold the shares for $34.30 each.
Director Richard Fogg exercised options for 15,000 shares for a total of $337,500. He then sold the shares at market price for $33.89 each or a total of $508,000.
Universal Corp. (UVV)
The company declared a quarterly dividend of $0.50 per share of common stock payable Aug. 12, to shareholders of record at the close of business on July 8.
It also declared a quarterly dividend of $16.87 per share on its the Series B 6.75% Convertible Perpetual Preferred Stock, payable June 17, to shareholders of record as of 5 p.m. on June 1.
The company said the date of its annual meeting will be held Aug. 6 at 2 p.m. at its Richmond headquarters.