Dominion Resources (D)
Peter Brown, a director, acquired 148 shares at $67.15 per share for a total of $9,900. The shares are held in the name of Brown’s spouse.
Dynex Capital (DX)
The REIT announced changes in its executive ranks effective Jan. 1, 2014. Thomas Akin, currently chairman and CEO, will become executive chairman. Byron L. Boston, currently president and chief investment officer, will be promoted and add the role of CEO to his title.
Akin, 61, has been Dynex’s CEO since early 2008. Boston, 55, became president last year after taking on the CIO role in 2008.
The company also appointed Smriti L. Popenoe, 44, as its new co-chief investment officer, effective Jan. 1. She will assume the daily management of the Dynex investment portfolio.
Popenoe is currently principal of TriSim, Inc., a financial advisory firm. She has provided advisory services to Dynex through TriSim since October 2009. Popenoe will receive an annual base salary of $408,000 and equity award of restricted shares of the company’s common stock valued at $300,000. She has previously received compensation of $196,025 for consulting services to the company from May 1, 2013 through the date of the announcement this month.
Dynex also elected Robert Salcetti and Valerie Mosley to its board of directors. Salcetti is a former managing director at JP Morgan Chase and Mosley is CEO of Valmo Ventures.
It declared a quarterly dividend of $0.27 per common share for the fourth quarter payable on Jan. 31, 2014 to shareholders of record on Dec. 31.
Genworth Financial (GNW)
Kevin Schneider, an executive vice president, exercised options for 5,926 shares at $7.80 per share for a total of $46,000. He then sold 4,444 shares at $15.02 per share for a total of approximately $66,000.
Markel (MKL)
Vice Chairman Anthony Markel sold 53 shares at $558.01 each for a total of $29,500.
MeadWestvaco (MWV)
Robert Feeser, a senior vice president, exercised options for 5,600 shares at $8.05 per share. The shares were then sold at market price for $35.59 each for a total of $199,000.
Union First Market Bankshares (UBSH)
The company announced the appointment of eight new members to its board of directors and two new executives in conjunction with its pending acquisition of StellarOne Bankshares.
The appointments will become effective upon completion of the deal, expected next month. The new directors had been members of the StellarOne board.
The new directors are:
Glen C. Combs, 67, former vice president of Acosta Sales in Roanoke.
Beverley E. Dalton, 65, owner of English Construction Company in Lynchburg.
Gregory L. Fisher, 64, president and owner of Eddins Ford, Inc. in Madison.
Jan S. Hoover, 57, president of Arehart Associates, Ltd., in Waynesboro.
Alan W. Myers, 63, former senior vice president for Omni Services, Inc., in Culpeper.
Raymond D. Smoot, Jr., 66, former chief executive officer of Virginia Tech Foundation, Inc. in
Blacksburg and chairman of StellarOne Corp.
Charles W. Steger, 66, president and chief executive officer of Virginia Polytechnic Institute and
State University in Blacksburg.
Keith L. Wampler, 55, chairman of the board, PBMares, LLP, Certified Public Accountants, in Fredericksburg.
The new directors will receive the same pay as other non-employee Union directors. In 2013 that included $1,000 retainers for attending each meeting of the board and $500 for attending each committee meeting. For any such meeting lasting less than one hour, the fee is $375. Any director who attend a minimum of 75 percent of the company’s board and committee meetings receives a $25,000 annual retainer paid in shares of Union common stock The chairman has a chance to receive an additional $10,000 stock retainer his services as chairman.
StellarOne Chairman Raymond D. Smoot, Jr. will become the chairman of the Union board.
Ronald Hicks will become vice chairman of Union’s board.
David G. Bilko and Jeffrey W. Farrar, both currently StellarOne executives, will respectively take the positions of chief risk officer and executive vice president of wealth management, insurance and mortgage upon the close of the acquisition.
Dominion Resources (D)
Peter Brown, a director, acquired 148 shares at $67.15 per share for a total of $9,900. The shares are held in the name of Brown’s spouse.
Dynex Capital (DX)
The REIT announced changes in its executive ranks effective Jan. 1, 2014. Thomas Akin, currently chairman and CEO, will become executive chairman. Byron L. Boston, currently president and chief investment officer, will be promoted and add the role of CEO to his title.
Akin, 61, has been Dynex’s CEO since early 2008. Boston, 55, became president last year after taking on the CIO role in 2008.
The company also appointed Smriti L. Popenoe, 44, as its new co-chief investment officer, effective Jan. 1. She will assume the daily management of the Dynex investment portfolio.
Popenoe is currently principal of TriSim, Inc., a financial advisory firm. She has provided advisory services to Dynex through TriSim since October 2009. Popenoe will receive an annual base salary of $408,000 and equity award of restricted shares of the company’s common stock valued at $300,000. She has previously received compensation of $196,025 for consulting services to the company from May 1, 2013 through the date of the announcement this month.
Dynex also elected Robert Salcetti and Valerie Mosley to its board of directors. Salcetti is a former managing director at JP Morgan Chase and Mosley is CEO of Valmo Ventures.
It declared a quarterly dividend of $0.27 per common share for the fourth quarter payable on Jan. 31, 2014 to shareholders of record on Dec. 31.
Genworth Financial (GNW)
Kevin Schneider, an executive vice president, exercised options for 5,926 shares at $7.80 per share for a total of $46,000. He then sold 4,444 shares at $15.02 per share for a total of approximately $66,000.
Markel (MKL)
Vice Chairman Anthony Markel sold 53 shares at $558.01 each for a total of $29,500.
MeadWestvaco (MWV)
Robert Feeser, a senior vice president, exercised options for 5,600 shares at $8.05 per share. The shares were then sold at market price for $35.59 each for a total of $199,000.
Union First Market Bankshares (UBSH)
The company announced the appointment of eight new members to its board of directors and two new executives in conjunction with its pending acquisition of StellarOne Bankshares.
The appointments will become effective upon completion of the deal, expected next month. The new directors had been members of the StellarOne board.
The new directors are:
Glen C. Combs, 67, former vice president of Acosta Sales in Roanoke.
Beverley E. Dalton, 65, owner of English Construction Company in Lynchburg.
Gregory L. Fisher, 64, president and owner of Eddins Ford, Inc. in Madison.
Jan S. Hoover, 57, president of Arehart Associates, Ltd., in Waynesboro.
Alan W. Myers, 63, former senior vice president for Omni Services, Inc., in Culpeper.
Raymond D. Smoot, Jr., 66, former chief executive officer of Virginia Tech Foundation, Inc. in
Blacksburg and chairman of StellarOne Corp.
Charles W. Steger, 66, president and chief executive officer of Virginia Polytechnic Institute and
State University in Blacksburg.
Keith L. Wampler, 55, chairman of the board, PBMares, LLP, Certified Public Accountants, in Fredericksburg.
The new directors will receive the same pay as other non-employee Union directors. In 2013 that included $1,000 retainers for attending each meeting of the board and $500 for attending each committee meeting. For any such meeting lasting less than one hour, the fee is $375. Any director who attend a minimum of 75 percent of the company’s board and committee meetings receives a $25,000 annual retainer paid in shares of Union common stock The chairman has a chance to receive an additional $10,000 stock retainer his services as chairman.
StellarOne Chairman Raymond D. Smoot, Jr. will become the chairman of the Union board.
Ronald Hicks will become vice chairman of Union’s board.
David G. Bilko and Jeffrey W. Farrar, both currently StellarOne executives, will respectively take the positions of chief risk officer and executive vice president of wealth management, insurance and mortgage upon the close of the acquisition.