DG - Kathleen Reardon Takes A Bullish Stance Acquiring In Dollar Gen Stock Options | Benzinga
On March 28, Reardon, EVP & Chief People Officer at Dollar Gen (NYSE:DG), executed a strategic insider move by acquiring stock options for 22,765 shares.
What Happened: Uncovered in a Form 4 filing on Thursday with the U.S. Securities and Exchange Commission, Reardon, EVP & Chief People Officer at Dollar Gen, executed an insider options move. This move consisted of acquiring stock options for 22,765 shares of DG, granting Reardon the right to purchase the company's stock at an exercise price of $154.21 per share.
Currently, Dollar Gen shares are trading up 0.84%, priced at $155.5 during Friday's morning. This values Reardon's 22,765 shares at $29,366.
Delving into Dollar Gen's Background
With over 19,000 locations, Dollar General's banner is nearly ubiquitous across the rural United States. Dollar General serves as a convenient shopping destination for fill-in store trips, with its value proposition most relevant to consumers in small communities with a dearth of shopping options. The retailer operates a frugal store of about 7,500 square feet and primarily offers an assortment of branded and private-label consumable items (80% of net sales) such as paper and cleaning products, packaged and perishable food, tobacco, and health and beauty items at low prices. Dollar General also offers a limited assortment of seasonal merchandise, home products, and apparel. The ...