Christopher Henson, president and chief operating officer of BB&T, profited more than $1.37 million after exercising options and selling shares of company stock, according to a filing with the Securities and Exchange Commission.
The transactions occurred on Feb. 15, according to the Form 4 filing. Henson bought 73,776 shares at an exercise price of $30.09 per share and then sold them at a market price of $48.1053 per share.
The report also states that Henson delivered 943 shares as payment for taxes or excise liability and gifted 104 shares.
Henson, who has served as COO since 2009, now directly owns 152,281 shares of stock worth more than $7.3 million and another 39,028 shares in a 401(K) plan. He indirectly owns six shares by custody for children and 8,594 in an individual retirement account.
BB&T is one of the largest financial services holding companies in the United States and operates 2,220 financial centers in 15 states and Washington D.C.
BB&T stock closed on Feb. 17 at $47.96, down 4 cents, or .08 percent, for the day.