DG - Kelly Dilts Backs Up Beliefs With A Notable Acquisition In Dollar Gen Stock Options | Benzinga
In a recent SEC filing, it was disclosed that Kelly Dilts, EVP & Chief Financial Officer at Dollar Gen (NYSE:DG), made a noteworthy acquisition of company stock options on March 28,.
What Happened: Revealed in a Form 4 filing on Thursday with the U.S. Securities and Exchange Commission, Dilts, EVP & Chief Financial Officer at Dollar Gen, strategically acquired stock options for 22,765 shares of DG. These options empower Dilts to buy the company's stock at a favorable exercise price of $154.21 per share.
During Friday's morning session, Dollar Gen shares up by 0.84%, currently priced at $155.5. Considering the current price, Dilts's 22,765 shares have a total value of $29,366.
Unveiling the Story Behind Dollar Gen
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 ...