Terra Industries Senior Vice President Joseph D. Giesler Sells 5,000 Shares
NEW YORK (AP) -- A senior vice president of fertilizer producer Terra Industries Inc. sold 5,000 shares of common stock, according to a Securities and Exchange Commission filing Tuesday.
In a Form 4 filed with the SEC, Joseph D. Giesler reported selling the shares on Tuesday for $51.85 apiece. Giesler also surrendered 19,613 shares back to the company for $47.75 apiece on Friday.
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.
Terra Industries is based in Sioux City, Iowa
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