Countrywide

Countrywide CEO Continues to Unload Stock 

According to SEC records reviewed by Housing Wire, Countrywide CEO Angelo Mozilo has continued to exercise stock options at a frenetic pace. Mozilo exercised options on and promptly sold 70,000 shares yesterday, according to SEC records, in a transaction that netted over $1.9 million. That sale came on the heels of an April 16 firesale that saw the Countrywide CEO divest an additional 46,000 shares in a transaction worth approximately $1.1 million. Mozilo also sold an additional 116,000 shares on April 11 in two separate transactions, bringing his total net proceeds to roughly $7 million in the most recent insider-selling binge at Countrywide.