The chief operating officer and president of Speedway Motorsports Inc., which operates race tracks used for NASCAR races and sells racing-related merchandise, exercised options for and then sold 10,178 shares of common stock, according to a Securities and Exchange Commission filing Wednesday.
In a Form 4 filed with the SEC, H.A. Wheeler reported exercising the options for $18.85 apiece Friday and sold the shares the same day for $24.82 to $25.62 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.
Speedway Motorsports is based in Concord, N.C.
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