Ryman Hospitality Properties board member E.K. Gaylord II early this week sold about 12 percent of his stake in the real estate investment trust, grossing almost $950,000. The 57-year-old Gaylord, who was the company's interim CEO and chairman around the turn of the century when it was known as Gaylord Entertainment, has been a director of the business since 1977.
SEE ALSO: Other recent notable insider trades
Two insider at Corrections Corp. of America last week took some profits selling some of the prison management company's shares, which are up almost 10 percent (Ticker: CXW) since mid-October. General Counsel and Secretary Steve Groom exercised 20,000 options that would have expired in 2020 and 2021 at about $20 each and then sold the same number of shares for about $36 each. His profit on the transactions came to almost $350,000. Director Thurgood Marshall Jr., meanwhile, sold more than a quarter of his shares in the Nashville-based company, grossing more than $440,000.
Tractor Supply director George MacKenzie late last week took advantage of the farm and ranch gear retailer's recent post-earnings runup. On Friday, he exercised two batches of options that would have expired in 2017 and 2018. He then sold the same number of shares at $74.45 each. His profit on the transactions came to almost $ 1.4 million. MacKenzie, who has been a Tractor Supply board member since 2007, still owns almost $1 million worth of the company's stock (Ticker: TSCO), which is up 20 percent over the past three months.
Two senior executives at farm and ranch goods retailer Tractor Supply have booked a combined profit of $3 million shortly after the company's shares popped on the back of a strong third-quarter report. CFO Tony Crudele exercised almost 24,800 options that would have expired in 2020 and then sold that many shares. His gain on those transactions topped $1.5 million. Similarly, Alex Stanton, the company's senior vice president of supply chain, exercised about 24,550 options, sold that number of shares and booked a profit of more than $1.4 million.
The sales by Crudele and Stanton come about a week after Tractor Supply merchandising leader Steve Barbarick made similar moves. Shares of Tractor Supply (Ticker: TSCO) are up almost 30 percent over the past month and are within a few dollars of their all-time highs.
Corrections Corp. of America board member John Correnti last week sold more than half of his shares in the company after they had run up to a 52-week high (Ticker: CXW) on the back of better-than-expected third-quarter numbers. Correnti, who has been a CCA director since late 2000, booked gains of almost $1.1 million and still owns about $740,000 worth of company stock.
Tractor Supply merchandising chief Steve Barbarick has in the past week lightened his stock and option holdings in the Brentwood-based retailer. Last week, he sold 4,000 shares for $280,000 under a trading plan he set up in March. Then on Monday, he exercised 10,000 options that would have expired in 2017 and 2018 and sold the resulting shares. His profit on those transactions topped $610,000. Tractor Supply shares (Ticker: TSCO) got a nice bump last week from the company's better-than-expected Q3 results but they're still down slightly year to date.
Genesco Chief Accounting Officer Paul Williams last week trimmed his holdings in the apparel retailer by more than a third, selling more than 4,600 shares. The sale grossed Williams more than $350,000 and leaves him with about $600,000 of Genesco shares, which have fallen slightly over the past three months (Ticker: GCO) but are up almost 5 percent year to date.
It's time to add Clarcor to the list of local companies whose executives and board members are taking profits in the stock market. Early this week, three of the company's board members and two of its executives collectively booked gains of more than $2 million on stock option transactions. Leading the way was Chief Administrative Officer David Lindsay, whose gains topped $1.4 million. Directors Philip Lochner and Robert Jenkins booked about $640,000 and $285,000, respectively, in profits while former Bridgestone boss Mark Emkes pocketed gains of about $140,000 and General Counsel Richard Wolfson booked a profit of about $80,000.
Shares of Clarcor (Ticker: CLC) closed Thursday at $63.16. They have climbed about 10 percent over the past six months.
Cracker Barrel Old Country Store President and CEO Sandy Cochran last Friday saw the chance to capitalize on a recent run in the Lebanon-based company's shares, which are trading near eight-month highs. The day after she received more than 62,000 shares under Cracker Barrel's long-term incentive plans, Cochran sold 40,000 shares for more than $4.1 million. She still owns more than $13 million of Cracker Barrel stock (Ticker: CBRL), which is down about 7 percent year to date.
Several of Cochran's lieutenants made similar moves early this week: Marketing chief Chris Ciavarra sold about $450,000 worth of his stock while Senior Vice President of Strategic Initiatives Edward Greene trimmed his stake by about $410,000 and Senior VP of Operations Nicholas Flanagan grossed $310,000 from his sales.
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