Insider Trends: Denny's Insider Awarded Shares Uses Portion to Pay Taxes, Easing 90-Day Buy Trend
07:30 PM EST, 02/04/2021 (MT Newswires) -- On Feb 02, 2021, F Mark Wolfinger, Director and President, awarded 22,305 shares in Denny's (DENN) and sold 7,285 shares concurrently to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 15,020 company shares. Following the Form 4 filing with the SEC, Wolfinger owns 826,648 company shares, with a market value, based on the prior-day closing price, of $13.7 million.
Over the last 90 days, prior to the date of this filing, there have been 32 insider transactions reported to the SEC for Denny's. These transactions came from the activities of 8 separate insiders that resulted in a net acquisition of 178,125 company shares. In 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 lower than the average level of insider transactions in the 40-company Restaurants & Bars peer group over the last 90-day period. Activity in the peer group averaged 87.3 transactions per company, and disposition of 3,200 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/852772/000085277221000018/xslF345X03/wf-form4_161248489252764.xml
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