Georgia Gulf Corp. (GGC) announced that, for estate planning purposes, President and Chief Executive Officer Paul Carrico gifted a portion of his shares of company stock from his personal account into an irrevocable spousal lifetime access trust.
This transaction is not a sale of Georgia Gulf stock by either Carrico or the family trust.
The shares that were gifted into the trust represent 26 percent of Paul Carrico's holdings as of December 28, 2012, and will be included as indirect holdings of Carrico in SEC filings.
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