Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Reynolds American, Inc.    RAI

Delayed Quote. Delayed  - 05/27 10:02:20 pm
50.13 USD   -0.56%
09:26a REYNOLDS AMERIC : establishes another stock-trading plan for executi..
05/11 REYNOLDS AMERIC : A first taste of The Katharine Brasserie and Bar
05/07 REYNOLDS AMERIC : Judge approves final Camel Cash settlement
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Reynolds American : establishes another stock-trading plan for executives

share with twitter share with LinkedIn share with facebook
share via e-mail
05/28/2016 | 09:26am CEST

Reynolds American Inc. said Friday that 11 management officials, including chief executive Susan Cameron, have established stock-trading plans as allowed by federal securities regulations.

Those plans enable individuals who are not in possession of material, nonpublic information to establish prearranged plans to buy or sell shares over a specified period or at a specific price.

It is at least the fifth time since November 2011 that the manufacturer has announced stock trading plans for executives.

Investors and analysts tend to pay close attention to the stock trading activities of top executives as a gauge for determining how much confidence the executives have in the company's current or future performance.

The latest plan includes Debra Crew, president and chief operating officer of R.J. Reynolds Tobacco Co.

Besides Cameron and Crew, the following are executives who filed plans to sell common shares received under the company's long-term incentive program. Unless otherwise noted, the executives' main duties are for Reynolds American.

Michael Auger, executive vice president of trade marketing, R.J. Reynolds Tobacco Co.; Lisa Caldwell, chief human resources officer; Daniel Fawley, treasurer; McDara Folen, deputy general counsel and secretary; Andrew Gilchrist, chief financial officer; Nancy Hawley, executive vice president of operations, R.J. Reynolds; Daniel Herko, executive vice president of research and development, R.J. Reynolds; Martin Holton III, general counsel; and Frederick Smothers, chief accounting officer.

The aggregate number of shares to be sold is not expected to exceed 400,000, compared with 85,000 in the November 2015 announcement and 150,000 in the September 2014 announcement.

The final number of shares to be paid will be determined based on the performance of Reynolds and its operating companies on certain performance measures during the vesting periods.

Cameron's shares would be paid to her in May 2017 in settlement of the performance shares granted to her in May 2016.

Some of Crew's shares will be paid to her in October in settlement of the make-whole award of restricted stock units granted to her in October 2014 as part of her hiring. The remainder of her shares will be paid to her in March.

Shares will be paid to the other executives in March in settlement of the performance shares granted to them in March 2014. Shares paid to the executives will be sold by them to the extent provided in their respective plans.

The executives are subject to share-ownership guidelines. Until these guidelines are met, executives are required to retain 50 percent of the after-tax shares earned under Reynolds' long-term incentive program, assuming taxes of 50 percent.

rcraver@wsjournal.com (336) 727-7376 @rcraverWSJ

© © Copyright 2016, Winston-Salem Journal, Winston-Salem, NC, source Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
React to this article
09:26a REYNOLDS AMERICAN : establishes another stock-trading plan for executives
05/12 REYNOLDS AMERICAN INC : Other Events, Financial Statements and Exhibits (form 8-..
05/11 REYNOLDS AMERICAN : A first taste of The Katharine Brasserie and Bar
05/09 REYNOLDS AMERICAN INC : Change in Directors or Principal Officers, Submission of..
05/07 REYNOLDS AMERICAN : Judge approves final Camel Cash settlement
05/06 REYNOLDS AMERICAN : farm workers' union strive for more progress, common ground
05/06 REYNOLDS AMERICAN : shareholders approve annual director elections
05/05 REYNOLDS AMERICAN : RAI issues results of 2016 shareholders’ meeting; Anno..
05/05DJFDA to Regulate E-Cigarettes, Ban Sales to Minors
05/05DJALTRIA : California Governor Signs Bill Raising Tobacco-Purchase Age to 21--Upda..
News chart
Full-screen chart
Income Statement Evolution
More Financials