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Ingles Director Sells Shares

ASHEVILLE, N.C. — Laura Ingle Sharp, daughter of the founder of Ingles Markets here and a member of its board of directors, has sold nearly all her stock in the company, according to filings with the Securities and Exchange Commission.

Jon Springer, Executive Editor

August 27, 2013

1 Min Read
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ASHEVILLE, N.C. — Laura Ingle Sharp, daughter of the founder of Ingles Markets here and a member of its board of directors, has sold nearly all her stock in the company, according to filings with the Securities and Exchange Commission.

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Sharp raised more than $352,000 through the sale of 13,999 Class A Ingles shares at prices between $25.15 and $25.23 per share in three open-market sales late last week. In late June, Sharp sold more than 10,000 shares.

Robert P. Ingle II, the company’s president and chief executive officer, sold 1.5 million shares in late June.

Read more: Ingles Refinancing Triggers Q3 Loss

Robert and Laura Ingle are the son and daughter of the late Robert P. Ingle, Ingles Markets’ founder.

Ingles Markets in June said its board had authorized the company to repurchase up to 4 million of its own shares, but it was unclear who the buyers were for the Ingles’ recent stock sales.

 

About the Author

Jon Springer

Executive Editor

Jon Springer is executive editor of Winsight Grocery Business with responsibility for leading its digital news team. Jon has more than 20 years of experience covering consumer business and retail in New York, including more than 14 years at the Retail/Financial desk at Supermarket News. His previous experience includes covering consumer markets for KPMG’s Insiders; the U.S. beverage industry for Beverage Spectrum; and he was a Senior Editor covering commercial real estate and retail for the International Council of Shopping Centers. Jon began his career as a sports reporter and features editor for the Cecil Whig, a daily newspaper in Elkton, Md. Jon is also the author of two books on baseball. He has a Bachelor of Arts degree in English-Journalism from the University of Delaware. He lives in Brooklyn, N.Y. with his family.

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