Correction/clarification: This post has been updated to reflect a clarification on the options exercised by Xenith Bankshares execs Gaylon Layfield and Thomas Osgood.
C&F Financial (CFFI)
CEO Larry Dillon disposed of 425 shares as gifts.
Union Bankshares (UBSH)
Executive vice president John Stallings, who recently joined Union from SunTrust, acquired 1,373 shares at $36.22 for a total of $49,730.
Xenith Bankshares (XBKS)
With its deal to be acquired by Union fast approaching, several Xenith insiders cashed out big batches of stock options.
Among them, CEO Gaylon Layfield Layfield exercised options for 118,518 shares at $19.70 apiece, or $2.33 million. Of those, 91,892 shares were withheld for taxes and other reasons, leaving a net of 26,626 shares.
CFO Thomas Osgood exercised options for 14,817 shares at $19.17 per share for a total of $291,894. Of those, 11,489 shares were withheld for a net of 3,328 shares.
Chief Risk Officer Ronald Davis exercised options to acquire 13,156 shares in three batches at an average exercise price of $9.36 per share.
Director Palmer Garson exercised options for 7,634 shares in four batches at an average exercise price of $13.77 per share.
Apple Hospitality REIT (APLE)
CEO Justin Knight gifted 10,720 shares of common stock and sold 5,877 shares to satisfy tax withholding obligations. He now directly owns 988,677 shares and indirectly owns 318,144 shares.
Executive VP Nelson Knight gifted 3,062 shares of common stock and sold 1,852 shares to satisfy tax withholding obligations. He now directly owns 525,361 shares and indirectly owns 32,339 shares.
COO Kristian Gathright gifted 1,440 shares of common stock and sold 2,777 shares to satisfy tax withholding obligations. She now directly owns 932,283 shares.
Director Thomas Folliard sold 8,000 shares of common stock at $67.50 per share for a total of $540,000.
Performance Food Group (PFGC)
CFO Thomas Ondrof plans to resign effective March 1, 2018. He will serve as a strategic growth advisor for the Goochland-based foods distributor following a transition period.
The board appointed executive VP James Hope as CFO effective March 1. His annual base salary will be increased to $600,000.
The board appointed Manuel Fernandez to serve as a director. Fernandez is managing director of venture capital firm SI Ventures. Director Bruce McEvoy of The Blackstone Group resigned from the board effective the same day, Dec. 14.
Vice president Michael Giancaspro plans to retire effective Jan. 15, 2018, after 25 years with the company.