Apple Hospitality REIT (APLE)
Executive Chairman Glade M. Knight bought 5,000 shares at about $18 per share for a total of $90,000. Knight owns a total of 424,989 shares of common stock.
The hotel-focused real estate investment trust added an updated investor presentation to its website, which can be found here.
Atlantic Union Bankshares (AUB)
The parent of Atlantic Union Bank released its annual proxy statement, which disclosed the compensation packages paid to its top executives in the most recent calendar year. Among them, President and CEO John Asbury received $3.3 million in total compensation in 2021, up from $3 million. Click here for a summary of the company’s executive pay.
The company announced its annual shareholders meeting is set for May 3 at 10 a.m. It will be held virtually.
CIO Rohan Pal sold 5,120 shares for about $69 per share for a total of about $353,280. Pal directly owns 19,747 shares of common stock.
C&F Financial (CFFI)
The parent of C&F Bank’s latest proxy statement shows its highest paid executive in 2021 was Bryan McKernon, head of its mortgage division. He received $2 million in total compensation, down from $2.6 million in 2020. CEO Tom Cherry received $1.2 million in total compensation in 2021, up from $997,000. Click here for more information.
C&F’s annual shareholders meeting will be held virtually on April 19 at 3:30 p.m.
The power utility released its 2022 preliminary proxy statement, disclosing compensation packages paid last year to its top executives.
President and CEO Robert M. Blue received a total pay package of $8.2 million. He received a base salary of $1.2 million, $3.3 million in stock awards and $3.7 million in other incentives.
Click here and see page 60 for the full compensation table.
The proxy also announced the date of the company’s annual shareholders meeting, to be held May 11.
Genworth Financial (GNW)
The Henrico-based insurer released its annual executive compensation data in its latest proxy statement. The highest paid among its ranks for 2021 was Rohit Gupta, president and CEO of the company’s recently spun-off Enact mortgage insurance subsidiary. Gupta received a total of $11 million in compensation for the year. Thomas McInerney, president and CEO of Genworth as a whole, received $8.5 million in 2021, up from $7.4 million. Click here for more detail.
The company’s annual shareholders meeting will be held virtually on May 19 at 9 a.m.
Genworth disclosed that Controller Matthew Farney intends to resign on or around April 15, to pursue other opportunities. The company said it is working to identify a successor.
Elaine Sarsynski was named to Genworth’s board of directors. She’s a former chairwoman, CEO and president of Mass Mutual International.
Director Debra Perry will retire from the board at the end of her current term in May.
Hamilton Beach Brands (HBB)
The electrical products supplier filed its year-end earnings report. In 2021, the company reported $21.3 million in net income and revenue of $658.4 million. In 2020, the company reported net income of $46.3 million and $603.7 million in revenue. Click here to see the full report.
The company also filed its earnings report for its fourth quarter 2021, which ended Dec. 31. The company reported net income of $12.6 million for the quarter, compared with $19 million for the same period in 2020.
Medalist Diversified REIT (MDRR)
The commercial real estate-focused REIT filed its year-end earnings report. The company reported total revenue of $11.5 million and net operating income of $6.4 million for 2021. The previous year, the company reported net operating income of $4.1 million.
The REIT also filed its quarterly report for the three-month period ended Dec. 31. The company reported total revenue of $2.8 million and net operating income of $1.8 million.
New Market (NEU)
The petroleum-focused holding company released its latest proxy statement, disclosing compensation packages paid last year to its top executives.
President and CEO Thomas E. Gottwald received a total pay package of $2.5 million. He received a base salary of $1.1 million, $258,000 in stock awards and $1.1 million in other incentives.
Click here and see page 22 for the full compensation table.
The proxy also announced the date of the company’s annual shareholders meeting, to be held April 28.
Synalloy Corp. (SYNL)
The Henrico-based industrials company named Ben Rosenzweig, who previously served as chairman since May 2021, as executive chairman of the board.
It also named Chris Hutter as president and CEO. He had been serving in those roles on an interim basis since November.
Aldo Mazzaferro was appointed to the company’s board of directors, effective March 18.