Washington DiaristFreddie's audit committee had asked Glenn to turn over the diaries as part of an inquiry into the reasons behind the company's decision to restate earnings for the past three years. The upheaval at Freddie is sending shock waves through the financial markets because Freddie and its close cousin, Fannie Mae ( FNM), are critical players in the mortgage market. The government-sponsored companies buy up mortgages issued by banks, package them and sell bonds backed by the mortgages to investors. Meanwhile, regulators at the Office of Federal Housing Enterprise Oversight, which oversees Freddie and Fannie Mae, and reportedly regulators from the Securities and Exchange Commission, are launching their own inquiries into Freddie's accounting procedures. A Freddie official said Glenn got the 13,130 shares as part of a routine stock-vesting program for top corporate executives. Of the 13,130 shares that vested, 4,228 were sold back to the company by Glenn to pay the taxes associated with the vesting process. That left him with a net total of 8,802 shares. In all, Glenn potentially walks away from Freddie with 259,599 shares of the company's stock, some of which includes a mixture of both restricted and nonrestricted shares.