Apple REIT Ten
The Richmond-based real estate investment trust said it closed on the purchase of two hotels for a combined price of $20.5 million. The deals included a 94-room Fairfield Inn & Suites in Matthews, N.C. for $10 million and a 91-room TownePlace Suites in Columbia, S.C. for $10.5 million.
CarMax
Director Mitchell Steenrod bought 1,000 shares for $31.89 per share, a total purchase of $31,890.
Dynex Capital
The local REIT released its proxy statement announcing that its annual shareholders meeting will be held May 11 at the Stanford Court Renaissance Hotel in San Francisco, Calif.
The proxy also disclosed the total compensation packages paid to its top executives during 2010.
Chairman and CEO Thomas Akin received $876,332 in total pay in 2010, including a $300,000 base salary and $574,000 in incentive pay. Akin’s total pay was up more than $260,000 from 2009.
COO and CFO Stephen Benedetti received $683,000 in total pay in 2010, up from $492,000 in 2009. His pay package included a $236,000 base, $430,000 in incentive pay and $17,000 in other compensation.
Chief Investment Officer Byron Boston received a total of $859,158 in compensation in 2010, up more than $200,000 from the year before. His total package was made up of a $275,000 base salary, $502,000 in incentive pay and $82,000 in other compensation that included $22,000 in corporate housing expenses and $39,000 in commuting expenses.
Genworth Financial
Genworth released its proxy disclosing the total compensation packages paid to its top executives in 2010.
Chairman, President and CEO Michael Fraizer received $6.93 million in total pay in 2010, down from $7.25 million in 2009. His package included a $1.12 million base salary, $5.1 million in option awards and incentive pay and $171,000 in other compensation and perks.
CFO Patrick Kelleher received $2.43 million in total pay in 2010, down from $3.03 million the previous year. He received a base salary of $595,000, $1.6 million in option awards and incentive pay and $90,000 in other compensation.
Ronald Joelson, Chief Investment Officer, received $2.67 million in total pay, including a $510,000 base.
Kevin Schneider, a senior vice president, received $2.01 million in total pay including a $482,000 base salary, a $250,000 retention bonus and $18,000 worth of use of a company car.
Pamela Schutz, a former executive vice president, received $2.6 million in total pay including a $647,000 base salary. Schutz stepped down from her position as of Dec. 31 but remained with the company as a senior advisor until Feb. 25.
Each of Genworth’s top execs, with the exception of Joelson, received nearly $17,000 worth of financial counseling during the year. The company said it eliminated ompany car benefit for executive officers, effective upon the termination of existing leases.
Genworth also announced that its annual shareholders meeting will be held May 18 at the Ramada Plaza Richmond West.
Insmed
President and CEO Timothy Whitten bought 2,500 shares for $6.58 per share or $16,450.
Massey Energy
Massey said it and its pending acquirer received all the required antitrust approvals for the deal. The transaction is expected to close in mid-2011.
COO John Adkins exercised options to acquire 10,673 shares for $275,943. He then sold those shares at market price for $747,110.
Mark Clemens, a senior vice president, exercised options for 22,764 shares for $667,672. He then sold those shares for $1.59 million.
Michael Snelling, a vice president, exercised options for 2,041 shares for $59,107. He then sold those shares at market price for $144,890.
Shane Harvey, the company’s general counsel, exercised options for 9,551 shares for $323,378. He then sold those shares at market price for $668,570.
Chief accounting officer John Poma exercised options for 3,661 shares for $89,479. He then sold 4,174 shares for $291,697.
Star Scientific
The company said it entered into a securities purchase agreement with an unnamed accredited investor to sell 254,452 shares for $3.93 per share, resulting in total proceeds of around $1 million.
Robert Pokusa, the company’s general counsel, exercised options for 50,000 shares for $1.47 each or $73,500. He then sold those shares for $3.66 per share or $183,000.
Tredegar
Several of the company’s directors each bought 393 shares for $21.58 per share.
Xenith Bankshares
The parent of Xenith Bank said its public offering of 4 million shares at $4.25 per share closed on April 4.
Xenith also released its proxy statement disclosing the total pay packages given to its top executives in 2010.
President and CEO Gaylon Layfield received $260,000 in total pay in 2010, up from $13,000 in 2009, a year in which the company did not yet own and operate a bank subsidiary.
CFO Thomas Osgood and Executive Vice Presidents Ronald Davis and Wellington Cottrel each received $225,000 in total pay in 2010. No prior pay data was disclosed for these executives.
Xenith also said its annual shareholders meeting will be held May 5 at the Commonwealth Club.
Apple REIT Ten
The Richmond-based real estate investment trust said it closed on the purchase of two hotels for a combined price of $20.5 million. The deals included a 94-room Fairfield Inn & Suites in Matthews, N.C. for $10 million and a 91-room TownePlace Suites in Columbia, S.C. for $10.5 million.
CarMax
Director Mitchell Steenrod bought 1,000 shares for $31.89 per share, a total purchase of $31,890.
Dynex Capital
The local REIT released its proxy statement announcing that its annual shareholders meeting will be held May 11 at the Stanford Court Renaissance Hotel in San Francisco, Calif.
The proxy also disclosed the total compensation packages paid to its top executives during 2010.
Chairman and CEO Thomas Akin received $876,332 in total pay in 2010, including a $300,000 base salary and $574,000 in incentive pay. Akin’s total pay was up more than $260,000 from 2009.
COO and CFO Stephen Benedetti received $683,000 in total pay in 2010, up from $492,000 in 2009. His pay package included a $236,000 base, $430,000 in incentive pay and $17,000 in other compensation.
Chief Investment Officer Byron Boston received a total of $859,158 in compensation in 2010, up more than $200,000 from the year before. His total package was made up of a $275,000 base salary, $502,000 in incentive pay and $82,000 in other compensation that included $22,000 in corporate housing expenses and $39,000 in commuting expenses.
Genworth Financial
Genworth released its proxy disclosing the total compensation packages paid to its top executives in 2010.
Chairman, President and CEO Michael Fraizer received $6.93 million in total pay in 2010, down from $7.25 million in 2009. His package included a $1.12 million base salary, $5.1 million in option awards and incentive pay and $171,000 in other compensation and perks.
CFO Patrick Kelleher received $2.43 million in total pay in 2010, down from $3.03 million the previous year. He received a base salary of $595,000, $1.6 million in option awards and incentive pay and $90,000 in other compensation.
Ronald Joelson, Chief Investment Officer, received $2.67 million in total pay, including a $510,000 base.
Kevin Schneider, a senior vice president, received $2.01 million in total pay including a $482,000 base salary, a $250,000 retention bonus and $18,000 worth of use of a company car.
Pamela Schutz, a former executive vice president, received $2.6 million in total pay including a $647,000 base salary. Schutz stepped down from her position as of Dec. 31 but remained with the company as a senior advisor until Feb. 25.
Each of Genworth’s top execs, with the exception of Joelson, received nearly $17,000 worth of financial counseling during the year. The company said it eliminated ompany car benefit for executive officers, effective upon the termination of existing leases.
Genworth also announced that its annual shareholders meeting will be held May 18 at the Ramada Plaza Richmond West.
Insmed
President and CEO Timothy Whitten bought 2,500 shares for $6.58 per share or $16,450.
Massey Energy
Massey said it and its pending acquirer received all the required antitrust approvals for the deal. The transaction is expected to close in mid-2011.
COO John Adkins exercised options to acquire 10,673 shares for $275,943. He then sold those shares at market price for $747,110.
Mark Clemens, a senior vice president, exercised options for 22,764 shares for $667,672. He then sold those shares for $1.59 million.
Michael Snelling, a vice president, exercised options for 2,041 shares for $59,107. He then sold those shares at market price for $144,890.
Shane Harvey, the company’s general counsel, exercised options for 9,551 shares for $323,378. He then sold those shares at market price for $668,570.
Chief accounting officer John Poma exercised options for 3,661 shares for $89,479. He then sold 4,174 shares for $291,697.
Star Scientific
The company said it entered into a securities purchase agreement with an unnamed accredited investor to sell 254,452 shares for $3.93 per share, resulting in total proceeds of around $1 million.
Robert Pokusa, the company’s general counsel, exercised options for 50,000 shares for $1.47 each or $73,500. He then sold those shares for $3.66 per share or $183,000.
Tredegar
Several of the company’s directors each bought 393 shares for $21.58 per share.
Xenith Bankshares
The parent of Xenith Bank said its public offering of 4 million shares at $4.25 per share closed on April 4.
Xenith also released its proxy statement disclosing the total pay packages given to its top executives in 2010.
President and CEO Gaylon Layfield received $260,000 in total pay in 2010, up from $13,000 in 2009, a year in which the company did not yet own and operate a bank subsidiary.
CFO Thomas Osgood and Executive Vice Presidents Ronald Davis and Wellington Cottrel each received $225,000 in total pay in 2010. No prior pay data was disclosed for these executives.
Xenith also said its annual shareholders meeting will be held May 5 at the Commonwealth Club.