CarMax (KMX)
The used car giant said it opened three new stores during its third quarter of fiscal 2014, including one in Jackson, Tenn.; one in Brandywine, Md.; and one in the St. Louis market. Since the quarter ended it has opened an additional St. Louis store and two locations in the Philadelphia market. The company reported $2.94 billion in net sales and operating revenue during the third quarter. That’s up 13 percent from the same period of last year.
Cordia Bancorp (BVA)
Waddy Garrett, a director at the Bank of Virginia parent company, acquired 5,100 shares at $4.35 each for a total of $22,000.
Dynex Capital (DX)
Stephen Benedetti, CFO and COO, exercised options for 25,000 shares at $7.06 per share. He then sold the shares at $8.31 per share for a total of $207,750.
MeadWestvaco (MWV)
Robert Birkenholz, vice president and treasurer, exercised options for 3,949 shares at $25.34 per share for a total of $100,000. He then sold the shares at market price for a total of $144,800.
Xenith Bankshares (XBKS)
The parent of Xenith Bank approved an annual incentive plan for its top executives. CEO Gaylon Layfield, CFO Thomas Osgood, COO Ronald Davis and Chief Credit Officer Wellington Cottrell III will receive an incentive award based on a percentage of their base salary if certain performance goals are met in 2014. Layfield for example could receive an incentive award equal to 60 percent of his $260,000 base salary if the company reaches the high threshold of the performance goals.
CarMax (KMX)
The used car giant said it opened three new stores during its third quarter of fiscal 2014, including one in Jackson, Tenn.; one in Brandywine, Md.; and one in the St. Louis market. Since the quarter ended it has opened an additional St. Louis store and two locations in the Philadelphia market. The company reported $2.94 billion in net sales and operating revenue during the third quarter. That’s up 13 percent from the same period of last year.
Cordia Bancorp (BVA)
Waddy Garrett, a director at the Bank of Virginia parent company, acquired 5,100 shares at $4.35 each for a total of $22,000.
Dynex Capital (DX)
Stephen Benedetti, CFO and COO, exercised options for 25,000 shares at $7.06 per share. He then sold the shares at $8.31 per share for a total of $207,750.
MeadWestvaco (MWV)
Robert Birkenholz, vice president and treasurer, exercised options for 3,949 shares at $25.34 per share for a total of $100,000. He then sold the shares at market price for a total of $144,800.
Xenith Bankshares (XBKS)
The parent of Xenith Bank approved an annual incentive plan for its top executives. CEO Gaylon Layfield, CFO Thomas Osgood, COO Ronald Davis and Chief Credit Officer Wellington Cottrell III will receive an incentive award based on a percentage of their base salary if certain performance goals are met in 2014. Layfield for example could receive an incentive award equal to 60 percent of his $260,000 base salary if the company reaches the high threshold of the performance goals.