The president of Swift Energy Co. exercised options for 1,799 shares of common stock, according to a Securities and Exchange Commission filing Thursday.
In a Form 4 filed with the SEC, Bruce Vincent reported he exercised options for the shares Monday for $33.01 apiece. He also sold 3,333 shares on Monday and Tuesday for $45.45 to $45.49 apiece. Vincent also surrendered 1,296 shares back to the company for $45.78 apiece.
Insiders can surrender shares as a way to cover either taxes or the cost of exercising options.
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.
Swift is based in Houston.
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