Directors of FCB Financial Holdings Inc. established a stock trading plan for the sale of some of the Weston, Fla.-based bank's class A common shares.
They cited personal financial management and planning purposes as the reason for the sale.
President, CEO and director Kent Ellert, Executive Chairman Vincent Tese and Executive Vice Chairman Leslie Lieberman are each selling up to 200,000 of the company's common shares. Stuart Oran, secretary and director, is selling up to 30,000 shares.
The shares will be sold during specified periods between January to June 2017.