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Friday, Mar 29, 2024

Countrywide CEO Exercises Options

Countrywide Financial Corp. Chairman and CEO Angelo R. Mozilo exercised options for 46,000 shares of common stock, yielding about $1.5 million, the Calabasas-based company said in an SEC filing. Mozilo acquired the stock, sold under a prearranged trading plan which allows insiders to set up such trades in advance regardless of whether they come into possession of material nonpublic information, at prices ranging from $9.60 to $10.89 per share. He sold the shares the same day for $33.60 each.

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