Apple Hospitality REIT
The company entered into new compensation with its top executives. Executive Chairman Glade M. Knight will receive a base salary of $350,000. His son, Justin G. Knight, president and CEO, will get a base of $500,000. COO Kristian M. Gathright’s base is set at $472,500. And CFO Bryan Peery’s new base is $472,500.
David S. McKenney, who had been the company’s president of capital markets, became senior advisor for the firm which will lead to an expected reduced role with Apple REIT going forward.
Apple REIT encouraged its shareholders to reject an offer by a California-based investment firm to buy their Apple Hospitality REIT shares at $7 per share. It said that price represents an “opportunistic attempt by the bidders to purchase shares at an unreasonably low price and make a profit.”
Dominion Resources (D)
Mark Kington, a director, acquired 1,195 shares at $68.50 per share for a total of $81,850.
The utility company said it entered into a $500 million credit agreement with Keybank, U.S. Bank, and other lenders.
Genworth Financial (GNW)
Daniel Sheehan, the company’s chief investment officer, acquired 11,667 shares at no cost after the conversion of restricted stock units. He then sold 5,676 shares at $17.14 per share for a total sale of $97,000.
CFO Martin Klein acquired 33,333 shares at no cost through the conversion of restricted units. He then sold 15,900 shares at $17.14 each for a total of $272,000.
Star Scientific (STSI)
The company on June 4 formally changed its name to Rock Creek Pharmaceuticals, Inc. with a new ticker symbol of “RCPI.” It launched a new corporate website and moved its headquarters from Richmond to Sarasota, Fla. The changes were first announced in December as part of a “corporate transition” that included a change in management and its board. The company said it is embarking on a “new strategic direction of pharmaceutical development. The name change and other changes come after Star Scientific and its former CEO Jonnie Williams got caught up in a gifts scandal involving former Virginia Gov. Bob McDonnell and his wife.
Universal Corp. (UVV)
Thomas Johnson, a director, exercised options for 2,000 shares at $46.70 per share. He then sold 1,770 shares at $53.32 each for a total of $94,000
Village Bank & Trust Financial (VBFC)
Raymond Avery III, a director, acquired 1,000 shares at $1.44 per share.
Charles Walton, a director, acquired 1,000 shares at $1.40 per share.
Apple Hospitality REIT
The company entered into new compensation with its top executives. Executive Chairman Glade M. Knight will receive a base salary of $350,000. His son, Justin G. Knight, president and CEO, will get a base of $500,000. COO Kristian M. Gathright’s base is set at $472,500. And CFO Bryan Peery’s new base is $472,500.
David S. McKenney, who had been the company’s president of capital markets, became senior advisor for the firm which will lead to an expected reduced role with Apple REIT going forward.
Apple REIT encouraged its shareholders to reject an offer by a California-based investment firm to buy their Apple Hospitality REIT shares at $7 per share. It said that price represents an “opportunistic attempt by the bidders to purchase shares at an unreasonably low price and make a profit.”
Dominion Resources (D)
Mark Kington, a director, acquired 1,195 shares at $68.50 per share for a total of $81,850.
The utility company said it entered into a $500 million credit agreement with Keybank, U.S. Bank, and other lenders.
Genworth Financial (GNW)
Daniel Sheehan, the company’s chief investment officer, acquired 11,667 shares at no cost after the conversion of restricted stock units. He then sold 5,676 shares at $17.14 per share for a total sale of $97,000.
CFO Martin Klein acquired 33,333 shares at no cost through the conversion of restricted units. He then sold 15,900 shares at $17.14 each for a total of $272,000.
Star Scientific (STSI)
The company on June 4 formally changed its name to Rock Creek Pharmaceuticals, Inc. with a new ticker symbol of “RCPI.” It launched a new corporate website and moved its headquarters from Richmond to Sarasota, Fla. The changes were first announced in December as part of a “corporate transition” that included a change in management and its board. The company said it is embarking on a “new strategic direction of pharmaceutical development. The name change and other changes come after Star Scientific and its former CEO Jonnie Williams got caught up in a gifts scandal involving former Virginia Gov. Bob McDonnell and his wife.
Universal Corp. (UVV)
Thomas Johnson, a director, exercised options for 2,000 shares at $46.70 per share. He then sold 1,770 shares at $53.32 each for a total of $94,000
Village Bank & Trust Financial (VBFC)
Raymond Avery III, a director, acquired 1,000 shares at $1.44 per share.
Charles Walton, a director, acquired 1,000 shares at $1.40 per share.