Joel Alvord, chief executive of Shawmut National Corp., sold about half of his holdings in the company on April 30, just two weeks after Shawmut completed a large stock offering.

Mr. Alvord sold 77,805 shares for prices ranging from $15,375 to $16, according to documents filed with Securities and Exchange Commission. The proceeds were between $1.20 million and $1.24 million.

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.