Insider Trends: Insider at Harley-Davidson Acquires Stock Via Option/Derivative Security, Sells Portion to Pay Tax, Selling Trend Continues
06:39 PM EST, 02/04/2021 (MT Newswires) -- On Feb 02, 2021, Lawrence G Hund, Chief Commercial Officer, exercised options/derivative securities for 14,059 shares of Harley-Davidson (HOG) and sold 3,093 shares in the company for $102,873 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 10,966 company shares. Following the Form 4 filing with the SEC, Hund controls 36,433 company shares of which 34,814 shares are held directly and 1,619 are owned indirectly. These holdings have an approximate market value of $1.20 million as of the prior-day closing price. In addition the company has granted Hund stock options of which 7,120 are currently in the money and have an approximate value of $235,031 as of yesterday's closing price.
Over the last 90 days, previous to the date of this filing, there have been 31 insider transactions reported to the SEC for Harley-Davidson. These transactions came from the activities of 10 individual insiders that resulted in a net disposition of 75,343 company shares. Relative to the preceding 90-day window of time, there was 1 transaction from 1 insider that resulted in the acquisition of 71,450 shares.
This level of insider transactions is below that of the peer group average in the 5-company Motorcycles & Scooters peer group over the last 90-day period. Activity in the peer group averaged 50.2 transactions per company, and disposition of 72,413 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/793952/000122520821001721/xslF345X03/doc4.xml
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