An institutional investor is increasing its stake in CarMax. Plus the former CEO of Bank of Essex’s parent holding company has resigned from the board.
Tons of executives get stock grants, including a CarMax vice president who sold options for a $1.3 million profit.
CarMax’s chief executive sells stock options for a cool $2 million profit, and Dominion gets a new revolving line of credit.
Insider moves at local banks, plus better profits at CarMax.
Lots of moves this week at local banks. Plus a hotel REIT keeps on buying.
Apple Reit is at it again, gobbling up more hotels. Plus a member of the board at a local bank calls it quits, and a Chesterfield maker of video games sells $2 million in bonds.
A slimmer Trading Day this week, with moves at an up-start bank. Plus Dominion is selling bonds that pay only 2.25 percent.
After missing the original deadline for filing its second quarter financial results, Village reported net income of $460,000 for the quarter, compared with a $1.7 million loss in the same period last year. Also, lots of insider buying and selling.
John Nelson, Altria’s chief technology officer, exercises options to acquire more than $2.5 million in stock. Meanwhile, the parent of Village Bank says it is unable to file its financial report for the second quarter in time to meet the deadline set by the SEC.
Markel reports a loss, citing an earthquake in Chile and the BP oil spill. Plus insider trades at local banks and other firms.