In an SEC filing Gain Capital Holdings Inc (NYSE:GCAP) has indicated that its CMO Samantha Roady, who technically holds the title of Chief Commercial Officer, recently received a grant totaling more than 131,000 GCAP shares worth about $1.2 million. After receiving the grant, Roady sold 42,000 of the shares on January 5 and 6, pocketing more than $380,000.
The 131,000 shares were received by Roady as a series of Restricted Stock Units between 2006 and 2009. The shares vested over a number of years – a practice common in companies which pay executive compensation in company equity – and were to be delivered to Roady as soon as practicable on or after December 31, 2014.
This is Roady’s fourth (and largest) sale of GCAP shares over the past few months, after an options exercise/sale in November and September, as well as a share sale in October. In total, Roady has pocketed about $587,000 from these sales.
After taking into account the current stock grant and sales, Roady still owns 251,773 shares of her employer, worth today about $2.3 million.
Gain Capital’s Forex.com brand has been posting record retail volumes in recent months, as increased volatility in the currency markets since the beginning of September has brought traders back to their screens and interest in FX trading has taken off globally.
Gain Capital has also been busy building a major presence in the all-important UK online trading market, buying UK-based CFD provider Galvan Research for $16.6 million, and financial spreadbetting firm City Index for $118 million.
The SEC filing detailing the exercise and sale can be viewed here.