The controller and treasurer of oil and gas explorer Cabot Oil & Gas Corp. exercised options for 15,000 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Monday, Henry C. Smyth reported he exercised options for the shares Friday for $7.66 apiece and then sold all of them the same day for $40.26 apiece.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
Cabot Oil & Gas Corp. is based in Houston.
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