Ms. Ali Duncan reports
TD EXECUTIVE OFFICER TO EXERCISE OPTIONS AND DONATE PORTION TO CHARITY
Tim Hockey, group head, Canadian banking and wealth management, Toronto-Dominion Bank's TD Bank Group, and president and chief executive officer of TD Canada Trust, will exercise
28,812 options for TD common shares. Mr. Hockey intends to donate a
portion of the shares he acquires to charity.
These options were granted to Mr. Hockey in December, 2008, and will
expire in December, 2015. As reported in TD's proxy circular, Mr.
Hockey has a share ownership requirement of six times his base salary,
which he exceeds by a wide margin.
As set out under its policies, TD is required to announce by way of
press release Mr. Hockey's intention to conduct any transaction in TD
stock at least five days in advance of the date of the transaction.
The donation is being directed to charities with which Mr. Hockey is
personally involved.
© 2024 Canjex Publishing Ltd. All rights reserved.