The Bon-Ton Stores, Inc. (NASDAQ:BONT) awarded four directors with shares of common stock at the company, as Restricted Stock Units pursuant to the Company’s Amended and Restated 2009 Omnibus Incentive Plan.
Director B Steven Silverstein received 6,823 shares of common stock. Mr. Silverstein owns, following this transaction, 11,472 shares at the company, in a direct form. Director Michael Gleim, by his part, was granted with 7,797 shares of common stock. He owns currently 145,588 shares directly, and another 55,667 shares, through various indirect holdings. Director M Lucinda Baier received 6,823 shares, and holds at the company, following this transaction 80,016 shares. Finally, Director Jeffrey Sherman was awarded with 6,823 shares, consequently owing at the company 11,502 shares.
This retail Company, with a $209.51 million Market Cap, has important hedge fund activity. The hedge fund with the largest stake at The Bon-Ton Stores, Inc. (NASDAQ:BONT) is Gamco Investors, from Mario Gabelli. The fund holds 697,247 shares, worth more than $7 million, and accounting for 0.04% of its Equity Portfolio.