George Gleason, chairman and chief executive officer of Bank of the Ozarks, and his wife Linda, a bank director, sold 40,000 shares of the bank’s stock, according to a federal filing on Wednesday.
The stock was sold at a price of $32.88 a share for a total of more than $1.3 million.
With the sale, the couple still owns 6,147,214 shares of Bank of the Ozarks stock, worth more than $202 million. The Gleasons own about 7.8 percent of the bank’s stock, making them the firm’s largest stockholder.
Since February, when the Gleasons owned 8.7 percent of the bank’s stock, they have sold more than 244,000 Bank of the Ozark shares.