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Midstate trading: Hersha president’s preferred stock purchase leads the way

Neil Shah, president and COO of Hersha Hospitality Trust, posted the largest stock transaction this month so far among executives and large shareholders at midstate-based public companies.

On Aug. 6, Shah bought 1,904 shares at $26.25 per share of the upscale hospitality company’s 6.875 percent Series C preferred shares, according to a filing with the U.S. Securities and Exchange Commission.

The purchase was valued at $49,980, according to Yahoo Finance.

Hersha, which has corporate offices in Harrisburg and Philadelphia, trades on the New York Stock Exchange under the ticker symbol HT.

Other recent trades

  • P.H. Glatfelter Co.: Senior vice president Christopher Astley exercised an option July 23 on 1,500 shares at $21.11. That transaction totaled $31,665. He then forfeited 480 shares to satisfy tax obligations, according to an SEC filing. Astley retains 7,253 direct shares. The company trades its shares on the NYSE under the ticker symbol GLT.
  • Orrstown Financial Services Inc.: Board director Anthony Ceddia sold 736 shares on Aug. 3 in a sale worth $12,276, according to an SEC filing. Ceddia sold the shares at $16.68 per share. He retains 8,481 direct shares. Shares of the company are traded on the NASDAQ under the ticker symbol ORRF.
  • Codorus Valley Bancorp Inc.: Scott Weaver, senior vice president of PeoplesBank, sold 500 shares on July 31 in a sale worth $10,220, according to an SEC filing. Weaver sold the shares at $20.44 per share. He retains 1,842 direct shares, plus 791 indirect shares through a trust. Shares of the company are traded on the NASDAQ under the ticker symbol CVLY.

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