14.52%QQQQ 35.13 12.16%XLF 16.28 7.81%
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NEW YORK - The chairman and chief executive of insurer MetLife Inc. exercised options for 3,100 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Friday.
| MET | 38.09 |  7.84 |
In a Form 4 filed with the SEC, Robert C. Henrikson reported he exercised options for the shares on Wednesday for $29.95 apiece and then sold them all the same day for $56.06.
The stock sale was conducted under a prearranged 10b5-1 trading plan, which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material nonpublic information.
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.
MetLife is based in New York.
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