It's time to add a few more names to the list of local public-company executives who have been taking profits in the past month. Most notable among the latest batch of trades is Genesco Chairman, President and CEO Bob Dennis, who on Monday exercised 40,000 options that would have expired this fall and then sold the resulting shares. His profit on the transactions was just short of $2 million.
Meanwhile, at Acadia Healthcare, CFO David Duckworth followed the lead of some of his colleagues by selling 7,500 shares late last week, trimming his holdings in the Franklin-based company to about 30,000 shares. His gain on the sales was almost $345,000.
And lastly, Corrections Corp. of America Chief Development Officer Anthony Grande exercised 15,000 options that would have expired in 2017 and 2018 and then sold the resulting shares. The take-home on those deals was $155,000.
By our count, the total profits booked by local execs on significant insider trades since the beginning of this year now stands at $13 million.
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