TORONTO, Sept. 1, 2015 /CNW/ - TD Bank Group (TD) announced today
that Tim Hockey, Group Head, Canadian Banking and Wealth Management, TD
Bank Group, and President and CEO, TD Canada Trust, will exercise
28,812 options for TD common shares. Mr. Hockey intends to donate a
portion of the shares he acquires to charity.
These options were granted to Mr. Hockey in December 2008 and will
expire in December 2015. As reported in TD's proxy circular, Mr.
Hockey has a share ownership requirement of six times his base salary
which he exceeds by a wide margin.
As set out under its policies, TD is required to announce by way of
press release Mr. Hockey's intention to conduct any transaction in TD
stock at least five days in advance of the date of the transaction.
The donation is being directed to charities with which Mr. Hockey is
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as
TD Bank Group ("TD" or the "Bank"). TD is the seventh largest bank in
North America by branches and serves more than 24 million customers in
three key businesses operating in a number of locations in financial
centres around the globe: Canadian Retail, including TD Canada Trust,
TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD
Insurance; U.S. Retail, including TD Bank, America's Most Convenient
Bank, TD Auto Finance U.S., TD Wealth (U.S.), and an investment in TD
Ameritrade; and Wholesale Banking, including TD Securities. TD also
ranks among the world's leading online financial services firms, with
approximately 10 million active online and mobile customers. TD had
CDN$1.1 trillion in assets on July 31, 2015. The Toronto-Dominion Bank
trades under the symbol "TD" on the Toronto and New York Stock
SOURCE TD Investor Relations
For further information:
Ali Duncan Martin
TD Bank Group