Former BP exec's ex-husband gets prison for insider trading after eavesdropping on her calls [CNBC]
BP p.l.c. (BP)
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Source: CNBC
million after he eavesdropped on her work calls about the oil giant buying another company. The ex, Tyler Loudon , also was sentenced to one year of supervised release after his prison term and fined $10,000 by U.S. District Court Judge Sim Lake in Houston on Monday. Loudon's lawyer, Peter Zeidenberg, asked Lake to sentence him to one year of home confinement followed by two years of supervised release, citing, among other reasons, the need to care for Loudon's ailing mother. The prison sentence was at the bottom end of the 24-months-to-30-month range requested by federal prosecutors. Loudon, as part of his guilty plea to a charge of securities fraud in February, already had agreed to forfeit the illicit profit he made in February 2023 from selling off the nearly 46,500 shares of TravelCenters of America after that company's stock price soared more than 70% on news it was being acquired by BP for about $1.3 billion. The 42-year-old Houston resident, who was an engineer for a
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BP
Earnings
- 5/8/24 - Miss
BP
Sec Filings
- 6/11/24 - Form 6-K
- 6/10/24 - Form S-8
- 6/3/24 - Form 6-K
- BP's page on the SEC website