Insider overview: Bank of America Corp.
BY THOMSON FINANCIAL REPORTS
Monday, January 07, 2013
1/07/13 at 3:05 AM
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Brian T. Moynihan, CEO, on Dec. 31 sold 9,562 direct shares at $11.61 per share with a total market value of $111,015. He holds more than 485,000 shares in the U.S. financial giant.
Thomas K. Montag, chief financial officer, on Dec. 31 sold 16,676 direct shares at $11.61 with a market value of $193,608. Montag holds more than 1.5 million shares.
David C. Darnell, BAC's chief operating officer, on Dec. 31 sold 7,719 direct shares at $11.61 with a market value of $89,618. Darnell's predictive rating is a high 97, as Bank of America shares have historically fallen an average 9.6 percent in the six months following his previous 25 insider sell decisions, according to Thomson.
Bank of American laid off nearly 16,000 employees as part of a cost-cutting scheme late last year. The lender has 39 branches in Oklahoma, more than a dozen of those in Tulsa, according to reports.
BancFirst Corp.: Dennis L. Brand, officer and director, on Dec. 27 exercised options to purchase 2,000 shares at $16.63 with a market value of $33,250. BancFirst Corp. is an Oklahoma City-based financial institution with 100 branches across the state.
Unit Corp.: Robert H. Parks Jr., officer, on Dec. 27 sold 8,027 direct shares at $44.72 with a market value of $358,966. Shares of Tulsa-based oil and gas contract driller and producer Unit Corp. fell 67.5 percent in the six months following Parks' previous sell decision in 2008, according to Thomson.
Dillard's Inc.: James I. Freeman, chief financial officer, on Dec. 31 sold 14,757 direct shares at $84.15 with a market value of $1,241,802. Freeman sold nearly 240,000 shares of DDS stock in 2012.