Tyson exec's stock sale clears $2.75M
Tyson Foods Inc. veteran Noel White, who was recently named chief operations officer, sold company shares valued at $2.75 million in transactions earlier this week, according to a company filing with the Securities and Exchange Commission.
White exercised his option to acquire 37,466 shares at $31.82 and sold an equal number of shares for an aggregate price of $62.45, making about $1.15 million. He then acquired 79,212 shares at $42.26 per share and sold them for an aggregate price of $62.44, clearing about $1.6 million.
After the transactions, White still directly owns 143,169 shares of Springdale-based Tyson Foods, according to the filing.
White was promoted, along with eight others, to Tyson's new executive leadership team in mid-February. White had been Tyson's president of poultry operations since 2013 and served as senior vice president of fresh meats at the company since 2009.
White's total compensation for 2016 was $17.3 million, according to earlier reporting by the Arkansas Democrat-Gazette.
-- John Magsam
Home BancShares paid chairman $6M
John Allison, Home BancShares Inc.'s chairman of the board, earned more than $6 million last year, the Conway owner of Centennial Bank said in its annual proxy statement.
Most of Allison's pay came from almost $5.2 million in stock awards. He also had a salary of $330,000 and about $520,000 in other income.
Allison, co-founder of the bank, is the fourth-largest owner of the company's stock with almost 4.5 percent, behind three mutual fund companies: BlackRock Inc., T.Rowe Price Associates and the Vanguard Group.
The other executives for Home BancShares and their income last year were Tracy French, president of Centennial Bank, $1.8 million; Brian Davis, chief financial officer, $767,000; Kevin Hester, chief lending officer, $620,000; and Randy Sims, chief executive officer, $318,000.
The bank will hold its annual meeting in Conway on April 20.
-- David Smith
Index sheds 4.07; 13 issues retreat
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, fell 4.07 to 354.35 Thursday.
"Stocks traded lower throughout the day as defensive sectors including utilities and telecommunications outperformed while financials underperformed," said Leon Lants, managing director at Stephens Inc. in Little Rock.
Only five of the 18 stocks gained ground Thursday.
Total volume for the index was 26.2 million shares.
The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business on 03/03/2017