Ralph Schmidt, Director at Western Refining, Inc. (NYSE:WNR), completed a stock disposition of 75,000 shares last week. The sale was executed over three days and commenced on Wednesday, when the insider unloaded 10,000 shares of Common Stock, directly, for $43.00 per share, as well as 10,000 shares through his spouse and 5,000 shares indirectly through the Linda C. Schmidt Trust, all for the same price per share. On Thursday, Schmidt sold the same stock distribution, but for a price of $44.00 per share, while closing the transaction on Friday with the remaining 25,000 shares sold for $45.00 per share. Following the sale, the insider holds a total of 203,648 direct company shares.
Furthermore, last week showed another insider stock sale at the $4.59 billion market cap petroleum refiner. Mark Smith, President of Refining and Marketing, unloaded 10,000 shares of Common Stock for a price of $40.23 per share. The sale was executed a week after the insider’s sale of 9,400 shares for $41.79 a share and he now holds a total of 83,999 Western Refining holdings.
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