Business Services Industry
United Technologies Chairman Nets Millions in Stock Deals.
Knight Ridder/Tribune Business News, July, 2003
The Hartford Courant, Conn. Knight Ridder/Tribune Business News
Jul. 10--George David, chairman of United Technologies Corp., netted about $14.3 million over the past month exercising options and selling shares in the company's stock.
With the stock trading at a little more than $71 a share, David exercised 510,000 options -- priced between $16 and $17 apiece -- from mid-June to the start of July. The options were set to expire in early 2004, said Paul Jackson, a spokesman for Hartford-based UTC.
David then sold some 240,000 shares at market rates to pay the taxes and transaction costs, according to filings with the federal Securities and Exchange Commission.
Jackson said David generally holds options until their expiration...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
