Stephen Trafton, chairman of Golden State Bancorp., is selling a quarter of his stake in the company, according to a Nov. 3 filing.

Mr. Trafton plans to exercise options to buy 460,000 shares, and will then sell them, the filing said.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.