Citi Execs, Board Members Buy and Sell Shares

Updated to include board member purchases on Jan. 1; updates stock movement.

NEW YORK ( TheStreet) - A half dozen top Citigroup ( C) executives sold more than $1 million worth of their common stock holdings before year-end and were granted new stock worth $3.1 million as part of their insider-trading plans, according to regulatory filings.

CFO John Gerspach sold 33,205 shares for $158,056, while being awarded 72,945 new shares worth $347,218. Gerspach now holds a total of 1.7 million shares.

John Havens, CEO of Citi's Institutional Clients Group, sold 72,527 shares for $345,229, and received a grant of 157,563 shares worth $750,000. Havens now holds 3.5 million common shares.

Edward "Ned" Kelly, chairman of Global Banking and vice chairman of the board, sold 53,288 shares for $253,651 and received 105,042 new shares worth $500,000. Kelly holds 2.8 million shares after the transactions.

Alberto Verme, who is CEO of Citi's CEO of Europe, Middle East, and Africa (EMEA) division, sold 26,913 shares for $128,105 and received 105,538 new shares worth $502,361. Verme owns 3.9 million Citi shares.

William Mills, who heads Citi's Western Europe, Middle East and Africa (WEMEA) business, sold 43,378 shares for $206,479 and received 85,054 shares worth $404,857. Mills holds 2.7 million common shares.

Manuel Medina-Mora, CEO of the consumer banking business in the Americas at the start of 2010, was granted 130,443 shares worth $620,909. Medina-Mora holds 7.8 million shares.

The stock sales and awards all occurred on Dec. 30, valued at the closing price of $4.76 apiece. The information was culled from regulatory filings and compiled by InsiderInsights.com. Because the stock sales and awards are part of pre-arranged trading plans, they don't necessarily indicate an executive's view of the share-price outlook.

Additionally, Citi reported that six board members acquired 30,812 shares worth $141,249, for $4.58 apiece on Jan. 1. Chairman Dick Parsons, as well as directors Jerry Grundhofer, Alain Belda, Michael O'Neill, William Thompson, Anthony Santomero made the trades worth $18,749 to $27,500 apiece, on New Year's Day.

Collectively, those board members indirectly own 464,065 shares through conduits like partnerships, trusts or family members.

On Monday, the first day of trading in 2011, Citi shares closed up 3.6% at $4.90. On Tuesday, the shares wavered from $4.83 to $4.94, but closed flat.

-- Written by Lauren Tara LaCapra in New York.

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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