Genworth Financial (GNW)
The company announced that Patrick Kelleher, head of its U.S. Life Insurance Division, is leaving his post effective Dec. 31. Genworth said his termination of employment will trigger severance payments as laid out in his employment agreement. Genworth CEO Thomas McInerney will assume responsibilities for the U.S. Life Insurance Division in the interim while a search is conducted to replace Kelleher.
Kevin Schneider, an executive vice president, exercised options for 5,926 shares at $7.80 per share or $46,000 in total. He then sold 4,332 shares at $13.08 each for a total sale of around $56,000.
Kelly Groh, vice president and controller, exercised options for 4,000 shares at $2.46 each, and 4,000 at $7.80 per share. Groh then sold the 8,000 shares at market price for $14 each for a total of $112,000.
James River Coal (JRCC)
The coal company notified 525 full-time employees that they will be terminated during the fourth quarter. The workers are at James River’s McCoy Elkhorn operations, Bledsoe operations and Long Branch Surface operations. The employees were previously told they would be furloughed, however the company said this week those mining operations will not restart within the next six months. Severence payments of $5.8 million will result.
Landmark Apartment Trust
The fast growing REIT said it acquired another apartment complex, this time purchasing the 314-unit Landmark at Collin Creek property in Plano, Texas for $15.2 million.
Markel (MKL)
Darrell Martin, a director, acquired 150 shares at $538.30 per share, a total purchase of $80,000.
Douglas Eby, a director, sold 96 shares at $519.26 per share. The sale totaled nearly $50,000.
Star Scientifc (STSI)
Burton Haynes, a director, was granted options for the right to 50,000 shares with an exercise price of $1.90 per share. The options expire in 2023.
Union First Market Bankshares (UBSH)
The parent of Union First Market Bank has set the date for a shareholder vote on its pending acquisition of StellarOne Corp. and its StellarOne Bank. The shareholder meeting will be held Dec. 5 at Union’s operations center in Ruther Glen at 2 p.m. Union’s board has already approved the deal and is recommending that shareholders vote in favor of it.
Genworth Financial (GNW)
The company announced that Patrick Kelleher, head of its U.S. Life Insurance Division, is leaving his post effective Dec. 31. Genworth said his termination of employment will trigger severance payments as laid out in his employment agreement. Genworth CEO Thomas McInerney will assume responsibilities for the U.S. Life Insurance Division in the interim while a search is conducted to replace Kelleher.
Kevin Schneider, an executive vice president, exercised options for 5,926 shares at $7.80 per share or $46,000 in total. He then sold 4,332 shares at $13.08 each for a total sale of around $56,000.
Kelly Groh, vice president and controller, exercised options for 4,000 shares at $2.46 each, and 4,000 at $7.80 per share. Groh then sold the 8,000 shares at market price for $14 each for a total of $112,000.
James River Coal (JRCC)
The coal company notified 525 full-time employees that they will be terminated during the fourth quarter. The workers are at James River’s McCoy Elkhorn operations, Bledsoe operations and Long Branch Surface operations. The employees were previously told they would be furloughed, however the company said this week those mining operations will not restart within the next six months. Severence payments of $5.8 million will result.
Landmark Apartment Trust
The fast growing REIT said it acquired another apartment complex, this time purchasing the 314-unit Landmark at Collin Creek property in Plano, Texas for $15.2 million.
Markel (MKL)
Darrell Martin, a director, acquired 150 shares at $538.30 per share, a total purchase of $80,000.
Douglas Eby, a director, sold 96 shares at $519.26 per share. The sale totaled nearly $50,000.
Star Scientifc (STSI)
Burton Haynes, a director, was granted options for the right to 50,000 shares with an exercise price of $1.90 per share. The options expire in 2023.
Union First Market Bankshares (UBSH)
The parent of Union First Market Bank has set the date for a shareholder vote on its pending acquisition of StellarOne Corp. and its StellarOne Bank. The shareholder meeting will be held Dec. 5 at Union’s operations center in Ruther Glen at 2 p.m. Union’s board has already approved the deal and is recommending that shareholders vote in favor of it.