Executives and large shareholders of publicly traded midstate companies were busy trading stocks over the last week, according to the latest filings with the U.S. Securities and Exchange Commission.
Leaders at Berks County-based Penn National Gaming Inc. led the way for highest transactions.
Peter Carlino, the former CEO of the company and board chairman, exercised options on 13,452 shares and then sold those shares for $205,278 in a transaction reported Feb. 2. He holds 94,019 direct shares of the casino company’s stock, according to the SEC filing.
Timothy Wilmott, the company’s president and CEO, sold 9,162 exercised shares for $139,812. He holds 238,623 direct shares.
COO Jay Snowden sold 2,123 exercised shares for $32,397. He retains 21,306 direct shares.
And Carl Sottosanti, senior vice president and general counsel, sold 592 exercised shares for $9,034. He owns 16,954 direct shares.
Penn National trades on the NASDAQ under the ticker symbol PENN. The stock closed Wednesday at $15.70.
- The Hershey Co.: Michael Wege, a senior vice president and chief growth and marketing officer, exercised 770 shares at an average price of $52.30 and then sold 1,220 shares for $102, on average, totaling $124,448. That transaction was reported on Wednesday. Wege retains 22,121 direct shares. Hershey stock is traded on the New York Stock Exchange under the ticker symbol HSY. The stock closed Wednesday at $105.70.
- National Penn Bancshares Inc.: Thomas Beaver, chairman of the board, purchased 5,000 shares for $49,100 in a transaction reported Feb. 3. He holds 48,749 direct shares. The Allentown-based bank holding company trades on the NASDAQ under the ticker symbol NPBC. The stock closed Wednesday at $10.21.
- Mid Penn Bancorp Inc.: Rory Ritrievi, the bank holding company’s president and CEO, purchased 1,020 shares for $15,805 in a trade reported Jan. 30. He holds 10,924 direct and indirect shares. Mid Penn trades on the NASDAQ under the ticker symbol MPB. The stock closed Wednesday at $15.75.
- Orrstown Financial Services Inc.: Seven executives were awarded options in a transaction reported Jan. 30. COO Jeffrey Seibert and CFO David Boyle led the way with each receiving 2,180 shares, which were valued at $37,627. Benjamin Wallace, executive vice president of operations and technology, was next with 1,645 shares totaling $28,393, followed by Philip Fague, executive vice president of trust and mortgage, with 1,602 shares valued at $27,651. Chief Risk Officer Robert Coradi was next with 1,492 shares totaling $25,752, followed by Chief Accounting Officer Douglas Barton with 724 shares totaling $12,496 and Barbara Brobst, senior vice president of human resources, with 620 shares totaling $10,701. Orrstown shares are traded on the NASDAQ under the ticker symbol ORRF. The stock closed Wednesday at $17.22.
- Donegal Group Inc.: Activist shareholder Gregory Shepard purchased 100 shares of Class B stock for $2,250 in a transaction reported Jan. 30. He owns 398,655 Class B shares, which are traded on the NASDAQ under the ticker symbol DGICB. The stock closed Wednesday at $22.50.
- Metro Bancorp Inc.: Four executives acquired additional shares in transactions reported on Feb. 2. Gary Nalbandian, the bank holding company’s president, CEO and chairman, added 62 shares for $1,608, bringing his direct share total to 310,915. COO Percival Moser added 77 shares for $1,997, while Chief Risk Officer Steve Cribbs added 19 shares for $493 and Chief Credit Officer James Ridd added six shares for $156. Metro trades its shares on the NASDAQ under the ticker symbol METR. The stock closed Wednesday at $25.91.