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
We've upgraded our reader commenting system. Learn more
about the new features.
The Baltimore Sun encourages civil dialogue related to our stories; you must register and log-in to our site in order to participate. We reserve the right to remove any user and to delete comments that violate our Terms of Service
. By commenting, you agree to these terms. Please flag inappropriate comments.