Another director joins grab of Chesapeake Energy shares

Still another director of Chesapeake Energy based in Oklahoma City has made a big acquisition of company shares.

Director Thomas L. Ryan made a nearly $3,618,000 purchase this week of 200,000 shares, according to a Form 4 filing made by the company with the Securities and Exchange Commission. He paid an average $1.809 per share in the acquisition made on Christmas Eve.

The purchase leaves him with 563,519 shares directly owned by him and another 180,000 shares held in a trust, making a total of 743,519.

Ryan is the Chief Executive Officer and Chairman of the Board of Service Corporation International, a provider of death care products and services. He has been a member of Chesapeake’s Board of Directors since May 2013.

Ryan joined SCI in 1996 and previously was a certified public accountant with Coopers and Lybrand LLP for eight years.

 

 

 

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