THOMASVILLE, Ga., Dec. 22, 2016 /PRNewswire/ -- Flowers Foods, Inc. (NYSE: FLO) today announced that R. Steve Kinsey, executive vice president and chief financial officer, has exercised stock options for 113,400 shares and consequently increased his direct ownership from 225,305 shares of Flowers Foods common stock to 248,803 shares, which is well in excess of the company's stock ownership guidelines. Solely to cover the exercise price and related tax liability, Mr. Kinsey sold shares of Flowers Foods common stock obtained through this option exercise in the open market. The options were granted to Mr. Kinsey in 2010 under the company's Equity and Performance Incentive Plan and were set to expire in February 2017.
About Flowers Foods
Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE: FLO) is one of the largest producers of fresh packaged bakery foods in the United States with 2015 sales of $3.8 billion. Flowers operates bakeries across the country that produce a wide range of bakery products. Among the company's top brands are Nature's Own, Wonder, Tastykake, and Dave's Killer Bread. Learn more at www.flowersfoods.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/flowers-foods-executive-vice-president-and-cfo-exercises-options-300383284.html
SOURCE Flowers Foods, Inc.