An executive vice president of Albemarle Corp., a chemical manufacturer based in Charlotte, sold $624,811 in company stock, according to a filing with the Securities and Exchange Commission.
Matthew Juneau sold 5,397 shares of common stock last Thursday, Aug. 24, at a price of $115.77 per share.
He still owns 360 shares worth just over $41,000. He also indirectly owns more than 12,000 shares in the company savings plan.
According to a proxy statement for 2016, Juneau received $2.02 million in total compensation last year. That was up 87.1 percent from his $1.08 million total compensation in 2015, but it was still below his 2014 total compensation of $2.5 million.
Juneau was named executive vice president of corporate strategy and investor relations for Albemarle in 2015 and has been with the company since 1982.
Albemarle is a global leader in flame-retardant chemicals, as well as other speciality chemicals across markets such as automotive and lithium battery.
Its stock traded at $115.43, up 45 cents, at the close of market Monday.