A meaty Trading Day this week. Find out why profits are down at a local pump and valve manufacturer but up huge at power company Dominion. And a local bank cut its dividend.
A director at Carmax cashes in stock options for a profit of $140,000, and Media General and Altria report quarterly earnings.
Brink’s CEO gets 30,000 shares, a former CEO at the parent of Essex Bank sold almost 2,000 shares.
Lots of folks are the proud owners of new stocks.
There wasn’t a lot of buying and selling going on last week among the head honchos at local public companies. But Universal Corp.filed a proxy statement, which means they disclosed CEO pay, and despite the recession, compensation was up for the bosses.
CarMax stock jumps 9 percent on solid quarterly earnings, and executives at other publicly traded companies across town exercise stock options. And one bank director sold stock for $0.01 a share. Plus Genworth sells bonds at 8 percent.
Altria Group The company said it is registering 50 million shares of its common stock for its 2010 Performance Incentive Plan for certain employees. The company also said it is registering an additional 750,000 shares for its stock compensation plan for non-employee directors. Brink’s Co. Matthew Schumacher, the company’s controller, exercised options to acquire 3,674… Read more »
First Capital Bancorp changes its articles to possibly sell more stock, while a Markel chairman buys more stock for a family trust. Plus bond news at Altria and Media General and stock awards at a handful of local companies.
Altria has to fork over almost $1 billion to the tax man, while directors and officers at several big companies are exercising their stock options.
BizSense’s new weekly data section “Trading Day” is a rundown of what local publicly traded companies have filed with the Securities and Exchange Commission. This week, it includes the reelection of board members at Altria, stock awards at C&F Bank and the announcement that a vice president at Genworth plans to retire. Publicly traded companies must file certain information with the SEC, including when “insiders” buy or sell stock.