DG - Smart Decision: Steven R Deckard Acquires Dollar Gen Stock Options | Benzinga
A substantial insider move unfolded on March 28, as Deckard, EVP at Dollar Gen (NYSE:DG), reported the acquisition of stock options for 22,765 shares in an SEC filing.
What Happened: Uncovered in a Form 4 filing on Thursday with the U.S. Securities and Exchange Commission, Deckard, EVP at Dollar Gen, executed an insider options move. This move consisted of acquiring stock options for 22,765 shares of DG, granting Deckard 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 Deckard's 22,765 shares at $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 firm sells ...