OMAHA, Neb.--(BUSINESS WIRE)--TD Ameritrade Holding Corporation (Nasdaq: AMTD) announced today that Fred Tomczyk, chief executive officer, intends to sell up to 100,000 shares of the company’s common stock, less than 5 percent of his 2.1 million shares. Following the transaction he will continue to significantly exceed the company’s share ownership guidelines, which are set at 10-times his base salary.
The shares will be sold between May 26 and June 15, 2016. Mr. Tomczyk plans to use the proceeds to satisfy liquidity needs within his portfolio.
For the latest news and information about TD Ameritrade, follow the Company on Twitter, @TDAmeritradePR.
About TD Ameritrade Holding Corporation
Millions of investors and independent registered investment advisors (RIAs) have turned to TD Ameritrade’s (Nasdaq: AMTD) technology, people and education to help make investing and trading easier to understand and do. Online or over the phone. In a branch or with an independent RIA. First-timer or sophisticated trader. Our clients want to take control, and we help them decide how - bringing Wall Street to Main Street for more than 40 years. An official sponsor of the 2016 U.S. Olympic Team, as well as an official sponsor of the National Football League for the 2016 season, TD Ameritrade has time and again been recognized as a leader in investment services. Please visit TD Ameritrade's newsroom or www.amtd.com for more information.
Source: TD Ameritrade Holding Corporation