Director Thomas Folliard sold 8,000 shares of common stock at $72.40 per share for a total of $579,200.
Senior VP Darren Newberry exercised options for 6,584 shares of common stock, selling them at $72.61 per share for a total of $478,064.
The used car retailer filed materials to be used in analyst presentations, which can be viewed here.
Vice Chairman Steven Markel sold 200 shares of common stock at prices ranging from $1,103.59 to $1,116.30 for a total of $221,863.
Union Bankshares (UBSH)
The bank announced that two of its institutional shareholders, ACMO-HR LLC and Carlyle Financial Services Harbor, are selling off a total of 7.93 million shares shares in a secondary public offering at $38 per share for a total of $301.4 million. The two firms had been shareholders of Xenith Bank and its predecessors and became Union shareholders as a result of its Jan. 1 acquisition of Xenith. Union will receive no proceeds from the offering. ACMO and Carlyle will no longer own any shares in Union.
Union also released its fourth quarter and yearend earnings report. It cited net income for the quarter of $15.18 million, down from $20.77 million in the same period last year. Net income for the full year 2017 was $72.92 million, down from $77.47 million in 2016. The results do not include the financials of Xenith. See the full release here.
Several Union execs, along with former CEO Billy Beale, acquired various amounts of shares at no cost as the result of the vesting of previously granted performance share units. Beale acquired 7,121 such shares. Of those, 2,516 were withheld for tax purposes.