Validus CEO Ed Noonan Sells 273,000 Shares
Bermuda-based Validus Holdings, Ltd. announced that the Company’s Chairman and Chief Executive Officer Edward J. Noonan has sold 273,000 shares of the Company’s common stock in open market transactions for the “purpose of satisfying outstanding tax related obligations due as a result of the exercise of expiring options and warrants during the 2015 tax year.”
Commenting on the sale, Mr. Noonan stated, “Since the founding of the Company, I have not sold a single share of Validus stock and it would be my strong preference not to. I have done so now solely for liquidity purposes in order to pay tax obligations.”
