Monday, March 25, 2013

Stock | Williams cashes in 24,000 GCI options

Jack Williams, president of Gannett Digital Ventures, has become the latest senior executive to exercise stock options he originally received four years ago.

In a new regulatory filing just moments ago, Williams disclosed that he sold 24,000 shares at an average $21.81 each. The strike price was $3.75 each, netting him $433,000.

Williams made the trades on Thursday.

GCI closed today at $21.66, up a penny.

Among other executives cashing in on the same options from 2009: Bob Dickey, president of the U.S. newspaper division, two weeks ago at $21.31, and in December at $17.83; and CEO Gracia Martore, also in December, for between $17.73 and $18.

2 comments:

  1. Makes really good sense. Cheers to all who turned a profit on those stock awards!

    ReplyDelete
  2. Yeah, really. I don't know why anyone gives a shit about this.

    ReplyDelete

Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."

Note: Only a member of this blog may post a comment.