Insider Trends: Tenneco Insider Awarded Stock Portion of Which is Sold for Taxes
09:38 PM EST, 02/04/2021 (MT Newswires) -- Brian J Kesseler, Director and CEO, awarded 20,344 shares in Tenneco (TEN) and sold 11,892 shares concurrently to meet tax obligations on Feb 02, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 8,452 company shares. Subsequent to the Form 4 filing with the SEC, Kesseler has control over 160,795 shares of the company of which 57,085 shares are held directly and 103,710 are controlled indirectly. These holdings have an approximate market value of $1,751,058 as of the prior-day closing price.
In the 90 days prior to the date of this filing, there have been 25 insider transactions reported to the SEC for Tenneco. These transactions came from the activities of 12 separate insiders that resulted in a net disposition of 3,690,390 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 145,809 shares.
This represents a lower level of transactions than the peer group average in the 36-company Auto, Truck & Motorcycle Parts peer group over the last 90-day period. Within the peer group activity averaged 91.5 transactions per company, and disposition of 33,677 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1024725/000120919121007968/xslF345X03/doc4.xml
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