Altria (MO)
Director Dinyar Devitre sold 32,000 shares of common stock at $61.22 per share for a total of $1,959,040. The shares were contributed to an exchange fund in exchange for shares of the exchange fund.
Bay Banks of Virginia (BAYK)
The parent of Virginia Commonwealth Bank announced a quarterly cash dividend to $0.04 per share, payable Oct. 24 to shareholders of record Oct. 11.
Deborah Evans, senior vice president, exercised options for 2,000 shares at $4.85 per share.
Director Julien Patterson exercised options for 4,520 shares at an average of $6.10 per share. The company’s shares currently trade at around $9.65 apiece.
CarMax (KMX)
The used car retailer reported its second quarter earnings for 2017. Revenues totaled $4.38 billion, up from $3.99 billion the same three months of 2016. Year-to-date revenues totaled $8.92 billion, $8.12 billion the first half of last year. Profits for the quarter totaled $181.4 million, up from $162.4 million the same quarter last year. Year-to-date profits totaled $393.1 million, up from $337.7 million last year.
Union Bankshares (UBSH)
The parent of Union Bank filed an amended executive severance plan, which governs the severance that would be paid to certain executives in certain situations. See the full document here.
WestRock (WRK)
Director John Luke Jr. exercised options for 10,343 shares of common stock, selling them at $55.12 per share for a total of $570,106.
Xenith Bankshares (XBKS)
Chief accounting officer Judy Gavant exercised options for 3,960 shares at an average of $10.70 per share. Xenith shares are currently trading at $31.89 apiece.
Altria (MO)
Director Dinyar Devitre sold 32,000 shares of common stock at $61.22 per share for a total of $1,959,040. The shares were contributed to an exchange fund in exchange for shares of the exchange fund.
Bay Banks of Virginia (BAYK)
The parent of Virginia Commonwealth Bank announced a quarterly cash dividend to $0.04 per share, payable Oct. 24 to shareholders of record Oct. 11.
Deborah Evans, senior vice president, exercised options for 2,000 shares at $4.85 per share.
Director Julien Patterson exercised options for 4,520 shares at an average of $6.10 per share. The company’s shares currently trade at around $9.65 apiece.
CarMax (KMX)
The used car retailer reported its second quarter earnings for 2017. Revenues totaled $4.38 billion, up from $3.99 billion the same three months of 2016. Year-to-date revenues totaled $8.92 billion, $8.12 billion the first half of last year. Profits for the quarter totaled $181.4 million, up from $162.4 million the same quarter last year. Year-to-date profits totaled $393.1 million, up from $337.7 million last year.
Union Bankshares (UBSH)
The parent of Union Bank filed an amended executive severance plan, which governs the severance that would be paid to certain executives in certain situations. See the full document here.
WestRock (WRK)
Director John Luke Jr. exercised options for 10,343 shares of common stock, selling them at $55.12 per share for a total of $570,106.
Xenith Bankshares (XBKS)
Chief accounting officer Judy Gavant exercised options for 3,960 shares at an average of $10.70 per share. Xenith shares are currently trading at $31.89 apiece.