THOMASVILLE, Ga., Nov. 15, 2017 /PRNewswire/ -- Flowers Foods, Inc.
(NYSE: FLO) today announced that Allen L.
Shiver, president and chief executive officer; Bradley K. Alexander, president, fresh packaged
bread business unit; and D. Keith
Wheeler, chief sales officer, exercised stock options this
week.
Mr. Shiver exercised stock options for 226,125 shares and
consequently increased his direct ownership from 752,228 shares of
Flowers Foods common stock to 801,272 shares, which is well in
excess of the company's stock ownership guidelines. Solely to cover
the exercise price and related tax liability, Mr. Shiver sold
shares of Flowers Foods common stock obtained through this option
exercise in the open market. The options were granted to Mr. Shiver
in 2011 under the company's Equity and Performance Incentive Plan
and were set to expire in February
2018.
Mr. Alexander exercised stock options for 110,362 shares and
consequently increased his direct ownership from 245,412 shares of
Flowers Foods common stock to 274,774 shares, which is well in
excess of the company's stock ownership guidelines. Solely to cover
the exercise price and related tax liability, Mr. Alexander sold
shares of Flowers Foods common stock obtained through this option
exercise in the open market. The options were granted to Mr.
Alexander in 2011 under the company's Equity and Performance
Incentive Plan and were set to expire in February 2018.
Mr. Wheeler exercised stock options for 25,987 shares and
consequently increased his direct ownership from 21,424 shares of
Flowers Foods common stock to 29,357 shares. Solely to cover the
exercise price and related tax liability, Mr. Wheeler sold shares
of Flowers Foods common stock obtained through this option exercise
in the open market. The options were granted to Mr. Wheeler in 2011
under the company's Equity and Performance Incentive Plan and were
set to expire in February 2018.
About Flowers Foods
Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE:
FLO) is one of the largest producers of fresh packaged bakery foods
in the United States with 2016
sales of $3.9 billion. Flowers
operates bakeries across the country that produce a wide range of
bakery products. Among the company's top brands are Nature's
Own, Wonder, Tastykake, and Dave's Killer Bread. Learn
more at www.flowersfoods.com.
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SOURCE Flowers Foods, Inc.