Insider Trends: Insider at Denny's Receives Shares Award Sells Portion for Taxes, Interrupting 90-Day Buy Trend
07:29 PM EST, 02/04/2021 (MT Newswires) -- John C Miller, Director and CEO, awarded 80,297 shares in Denny's (DENN) and sold 28,003 shares concurrently to meet tax obligations on Feb 02, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 52,294 company shares. Miller, following the transactions delineated in the Form 4 SEC filing, has 710,519 company shares, with a market value, based on the prior-day closing price, of $11.8 million.
During the most recent 90-day period, previous to the date of this filing, there have been 27 insider transactions reported to the SEC for Denny's. These transactions came from the activities of 8 different insiders that resulted in a net acquisition of 124,012 company shares. Relative to the preceding 90-day window of time, there were 4 transactions from 3 insiders and resulted in the net acquisition of 10,231 shares.
This is a lower level of transactions than the peer group average in the 40-company Restaurants & Bars peer group over the last 90-day period. Within the peer group activity averaged 87.2 transactions per company, and disposition of 3,234 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/852772/000085277221000015/xslF345X03/wf-form4_161248483229250.xml
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