Cracker Barrel exec sells more stock

A Cracker Barrel Old County Store executive sold more of his personal stock in the company Friday after he unloaded nearly $ 1.3 million worth of shares just two months ago.
Nov 4, 2013

 

A Cracker Barrel Old County Store executive sold more of his personal stock in the company Friday after he unloaded nearly $ 1.3 million worth of shares just two months ago.

Edward Greene, Cracker Barrel senior vice president of strategic incentives, sold 420 shares at $110.17 per share Friday, according to a filing with the Securities and Exchange Commission.

The move comes after Greene sold about 60 percent of his personal shares for nearly $1.3 million in late September. Greene joined Cracker Barrel eight years ago from Restaurant Services Inc., a purchasing cooperative.

Cracker Barrel’s stock is trading at nearly all-time highs and is up more than 60 percent so far in 2013.

Also in September, Cracker Barrel Executive Vice President and Chief People Officer Doug Barber sold all of his stock – nearly 21,000 shares. The sale grossed Barber nearly $2.2 million, according to an SEC filing. Barber announced in August he plans to retire in January.

Barber, 56, is Cracker Barrel’s only executive vice president and was named to his current role in November 2010. He joined Cracker Barrel in 2003.

The executive stock sales come in the middle of a third proxy fight between Cracker Barrel’s board of directors and Sardar Biglari, chairman of Biglari Holdings, which owns Steak ‘N Shake and Western Sizzlin. Biglari recently asked for a seat on the board and to declare a special dividend expected to be voted on by shareholders at the Lebanon-based company’s annual shareholder meeting Nov. 13. 

 

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