The senior vice president of Fuel Tech Inc., a combustion technology and engineering services company, exercised options for 10,000 shares, according to a Securities and Exchange Commission filing Tuesday.
In a Form 4 filed with the SEC, Vincent M. Albanese reported he exercised options for the shares on Thursday and Friday for $8.46 apiece and then sold them all the same days for $24.30 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.
Fuel Tech is based in Batavia, Ill.