Reynolds American Inc. (RAI: Quote) said Friday that some executive officers, including CEO Daniel Delen and CFO Thomas Adams, have established stock trading plans.
The plans were under a rule that permits individuals who are not in possession of material nonpublic information to establish prearranged plans to buy or sell shares over a specified period of time or at a specific price in the future. This is irrespective of any subsequent material nonpublic information they receive.
The shares will be paid to the executives in March 2013, in settlement of the performance shares granted to them in March 2010. They will be sold thereafter to the extent provided in their respective plans.
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by RTT Staff Writer
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