DG - Strategic Play: Roderick J West Acquires Dollar Gen Stock Options to Portfolio | Benzinga
On March 28, West, EVP at Dollar Gen (NYSE:DG), executed a strategic insider move by acquiring stock options for 22,765 shares.
What Happened: West, EVP at Dollar Gen, acquired stock options for 22,765 shares of DG. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The options allow West to buy the company's stock at $154.21 per share.
Currently, Dollar Gen shares are trading up 0.84%, priced at $155.5 during Friday's morning. This values West's 22,765 shares at $29,366.
All You Need to Know About 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 most items at a price point ...