Gain Capital CEO Glenn Stevens pockets more than $400,000 from sale of shares

In an SEC filing Gain Capital (NYSE:GCAP) has indicated that its President & CEO Glenn Stevens sold more than 62,000 shares of his company, worth more than $400,000, over the first three days of October.

In total, Mr. Stevens has pocketed more than $4 million during 2014 selling GCAP shares, all while GCAP shares have dropped more 50%, from a high of $13.48 at this time last year, to $6.61 today.

Glenn Stevens GCAP share sales in 2014 to date:

Glenn Stevens GCAP share sale and price

Source: SEC filings.

The current sales leave Mr. Stevens with direct ownership of about 546,000 GCAP shares worth about $3.6 million, although he holds several hundred thousand more shares in Restricted Stock and Options, granted to him over his tenure as CEO. For example, during 2013 Mr. Stevens was granted 159,000 options (exercise price $4.40) and 133,000 restricted shares of Gain Capital.

These grants, of course, are in addition to Mr. Stevens’ regular compensation as CEO – in 2013 a base salary of $650,000, plus ‘Non-Equity Incentive Plan Compensation’ totaling more than $2.9 million.

Adding that up, Mr. Stevens received total comp of more than $4.4 million in 2013.

Nice work if you can get it!

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