Summary
This 8-K filing from Capital One Financial Corporation (COF) announces that its Chairman and CEO, Richard D. Fairbank, has adopted a pre-arranged stock trading plan. This plan, established under Rule 10b5-1, outlines the future exercise of employee stock options and the subsequent sale of up to 325,985 shares. These options were granted in January 2013 with a strike price of $56.32 and are set to expire in January 2023. Investors should note that these transactions are not immediate and are expected to commence no earlier than July 2022, with full disclosure to be made through SEC filings.
Key Highlights
- 1CEO Richard D. Fairbank has adopted a pre-arranged stock trading plan.
- 2The plan involves the exercise of employee stock options and the sale of common stock.
- 3Up to 325,985 shares are covered by the plan, stemming from options granted in January 2013.
- 4The strike price for these options is $56.32 per share.
- 5The stock options expire in January 2023.
- 6Transactions are expected to begin no earlier than July 2022.
- 7The plan complies with Rule 10b5-1 and the company's stock transaction policies.