An outgoing director of oil and gas exploration company EOG Resources Inc. exercised options for 7,000 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Monday, William D. Stevens reported he exercised the options Friday for $48.52 apiece and then sold all 7,000 of them on the same day for $125 apiece.
Stevens is retiring from the board and will not stand for re-election at the company's annual meeting on May 8, the company said in an SEC filing.
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.
EOG Resources is based in Houston.
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