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CEO & President of CenturyLink Inc. Glen F. Post III Sold 100,000 Shares

August 13, 2012 | About:
alicet236

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CenturyLink Inc. is a telecommunications company that provides broadband, voice and wireless services to consumers and businesses in the United States. CenturyLink Inc. has a market cap of $26.58 billion; its shares were traded at around $42.75 with a P/E ratio of 19.3 and P/S ratio of 1.7. The dividend yield of CenturyLink, Inc. stocks is 6.8%. CenturyLink Inc. had an annual average earnings growth of 3.6% over the past 10 years.

CEO and President of CenturyLink Inc. (CTL) Glen F. Post III sold 100,000 shares on Aug. 9, 2012 at an average price of $43.05. The total transaction amount is $4,305,000.

In 1976, Glen F. Post III joined CenturyLink. He has served as CEO for 19 years now. Previously, Post served in the company as vice president, senior vice president, treasurer, board of directors, CFO, executive vice president, COO and vice chairman of the board.

Other directors and officers have also sold shares of CTL stock. Director C. G. Melville Jr. sold 600 shares, Executive Vice President and COO Karen A. Puckett sold 50,000 shares, Executive Vice President and General Counsel Stacey W. Goff sold 10,000 shares, and President of Wholesale Operations William E. Cheek sold 2,223 shares of CTL stock in August. Director Peter C. Brown sold 1 share of CTL stock in June.

Brian Rogers kept his position in CTL unchanged or slightly adjusted. He owns 3,486,179 shares as June 30, 2012. Mario Gabelli owns 19,001 shares as of March 31, a decrease of 61.12% from the previous quarter.

Net income was $74 million and operating revenue was $4.61 billion for CenturyLink’s 2012 second quarter results.

Rating: 3.7/5 (6 votes)

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