SPY380.36-1.97 -0.52%
DIA309.45-4.53 -1.44%
IXIC13,192.35+72.96 0.56%

Insider Trends: Kemper Insider Awarded Stock Portion of Which is Sold for Taxes

· 02/04/2021 14:01

06:55 PM EST, 02/04/2021 (MT Newswires) -- John Michael Boschelli, EVP & Chief Investment Officer, awarded 9,720 shares in Kemper (KMPR) and sold 2,928 shares concurrently to meet tax obligations on Feb 02, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 6,792 company shares. After the Form 4 filing with the SEC, Boschelli has control over 20,808 shares of the company of which 20,079 shares are held directly and 729 are controlled indirectly. These holdings have an approximate market value of $1.44 million as of the prior-day closing price.

This is the first insider transaction for the company in the last 90 days. In the preceding 90-day window of time, there were 2 transactions from 2 insiders and resulted in the net acquisition of 780 shares.

This level of insider transactions is below that of the peer group average in the 22-company Multiline Insurance & Brokers peer group over the last 90-day period. Peer group activity averaged 66.1 transactions per company, and disposition of 22,032 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/860748/000086074821000010/xslF345X03/wf-form4_161248279966614.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.