SPY386.54-3.04 -0.78%
DIA314.19-1.40 -0.44%
IXIC13,358.79-230.04 -1.69%

Insider Trends: Kemper Insider Receives Stock Award Sells Portion for Taxes, Interrupting 90-Day Buy Trend

· 02/04/2021 15:09

08:09 PM EST, 02/04/2021 (MT Newswires) -- On Feb 02, 2021, Joseph P Lacher Jr, Director and President & CEO, awarded 47,250 shares in Kemper (KMPR) and sold 18,830 shares concurrently to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 28,420 company shares. Lacher, after the transactions described in the SEC Form 4 filing, has 100,033 company shares, with a market value, based on the prior-day closing price, of $6.92 million.

Over the last 90 days, prior to the date of this filing, there have been 10 insider transactions reported to the SEC for Kemper. These transactions came from the activities of 5 individual insiders that resulted in a net acquisition of 32,437 company shares. Relative to the preceding 90-day window of time, there were 2 transactions from 2 insiders that 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 66.6 transactions per company, and disposition of 21,965 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/860748/000086074821000020/xslF345X03/wf-form4_161248720568762.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.