Community Bankers Trust (ESXB)
The parent of Essex Bank awarded stock options to several of its top executives. Among them, CEO Rex Smith received options for 40,000 shares with an exercise price of $5.07 per share. The options are good until 2026.
Eastern Virginia Bankshares (EVBS)
Boris Gutin, a director, continued an EVB share acquisition streak with the purchase of 14,975 shares in three transactions at an average of $6.76 per share for a total of approximately 101,000. The shares were purchased on behalf of GCP Capital Partners and various related affiliates. GCP is a private equity firm that invested in the bank’s capital raise in 2013.
Media General (MEG)
The company announced it will merge with Nexstar Broadcasting Group in a cash-and-stock deal valued at $4.7 billion. It also announced its previous agreement to purchase Meredith Corp. was terminated. The combined company, to be named Nexstar Media Group, will be led by Nexstar CEO Perry Sook and headquartered in Irving, Texas.
The transaction is expected to close in the late third quarter or early fourth quarter of this year.
The company approved bonuses for five executives in recognition of achievements in 2015. CEO Thomas Gottwald received $625,000, Afton Chemical Corp. President Robert Shama received $500,000, chief administrative officer Bruce Hazelgrove received $315,000, and CFO Brian Paliotti and general counsel Steven Edmonds each received $300,000.
Director Steven Voorhees sold 33,601 shares of common stock at $32.11 per share to pay a tax liability. Four executives made similar payments with amounts ranging from 3,922 to 30,987 shares.