Dive Summary:
- Wednesday filings with the Securities and Exchange Commission revealed that H.J. Heinz Co. executives and board members sold their shares of the now-private company, receiving $72.50 for their common stock in the company.
- Former President and CEO William Johnson received $82.52 million for his 1.13 million shares of stock, with an additional 270,548 shares worth $19.61 million gooing into his company retirement plan, while former Executive Vice President and CFO Arthur Winkleback's shares netted $15.34 million, plus $422,313 for his retirement fund.
- The company went private following its $28 billion June 7 acquisition by Berkshire Hathaway and 3G Capital, with Johnson and Winkleback being replaced by Bernardo Hees and Paulo Basilio respectively.
From the article:
H.J. Heinz Co. executives and members of its board of directors sold their shares of the now private company, according to filings Wednesday with the Securities and Exchange Commission. ...