TORONTO, Sept. 1, 2015 /CNW/ - TD Bank Group (TD)
announced today that Tim
Hockey, Group Head, Canadian Banking and Wealth Management,
TD Bank Group, and President and CEO, TD Canada Trust, will
exercise 28,812 options for TD common shares. Mr. Hockey intends to
donate a portion of the shares he acquires to charity.
These options were granted to Mr. Hockey in December 2008 and will expire in December 2015. As reported in TD's proxy
circular, Mr. Hockey has a share ownership requirement of six times
his base salary which he exceeds by a wide margin.
As set out under its policies, TD is required to announce by way
of press release Mr. Hockey's intention to conduct any transaction
in TD stock at least five days in advance of the date of the
transaction.
The donation is being directed to charities with which Mr.
Hockey is personally involved.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively
known as TD Bank Group ("TD" or the "Bank"). TD is the seventh
largest bank in North America by
branches and serves more than 24 million customers in three key
businesses operating in a number of locations in financial centres
around the globe: Canadian Retail, including TD Canada Trust, TD
Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD
Insurance; U.S. Retail, including TD Bank, America's Most
Convenient Bank, TD Auto Finance U.S., TD Wealth (U.S.), and an
investment in TD Ameritrade; and Wholesale Banking, including TD
Securities. TD also ranks among the world's leading online
financial services firms, with approximately 10 million active
online and mobile customers. TD had CDN$1.1
trillion in assets on July 31,
2015. The Toronto-Dominion Bank trades under the symbol "TD"
on the Toronto and New York Stock
Exchanges.
SOURCE TD Investor Relations