Fidelity National Financial Execs Take Profits Near All-Time High
January 15, 2002
Five FNF board members disposed of 308,448 shares (total) from January 2-8 at prices between $30.00 and $34.67. Director Patrick Stone led with a 213,023-share distribution. Daniel Lane, Thomas Talbot, and William Imparato sold 36,602, 30,250, and 20,872 shares, respectively. Cary Thompson rounded out the selling with a 7,701-share trade.
This was the largest group sale by Fidelity National Financial executives since December 2000/January 2001. It follows disposals by two FNF insiders in November. Mr. Stone’s trade was approximately 80% options-related; the other four sales were completely related to exercised stock options. Based on its $7.25 million market value, Mr. Stone’s transaction represents the largest-ever insider sale at the firm. FNF shares established an all-time high price of $34.70 on January 7.
Irvine, Calif.-based Fidelity National Financial Inc. is the No. 1 U.S. title insurance company, following its acquisition of rival Chicago Title. |
