W.R. Grace CEO sells stock for nearly $1.3 million gain

Festa exercises stock options at $19.71 each, sells at about $78 apiece

By Jamie Smith Hopkins, The Baltimore Sun

7:16 PM EDT, May 7, 2013


W.R. Grace CEO Fred E. Festa sold shares of newly exercised stock options for a nearly $1.3 million profit, the Columbia chemical maker said Tuesday.

Festa exercised an option to buy 21,490 shares at $19.71 apiece Monday and sold them the same day for about $78.04 each, according to a company filing with the U.S. Securities and Exchange Commission.

W.R. Grace said the sale was "pursuant" to a prearranged trading plan. Festa owned 100,000 shares of company stock after the transaction.



  • Text BUSINESS to 70701 to get Baltimore Sun Business text alerts
  • Text NEWS to 70701 to get Baltimore Sun local news text alerts
  • :include slug="bal-news-alerts-instoryinclude"/>