Insider Trends: Insider at Materion Awarded Shares Portion of Which is Sold for Taxes, Interrupting 90-Day Buy Trend
12:00 PM EST, 02/05/2021 (MT Newswires) -- Gregory R Chemnitz, VP General Counsel & Secretary, awarded 6,860 shares in Materion (MTRN) and sold 2,098 shares concurrently to meet tax obligations on Feb 03, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 4,762 company shares. Following the Form 4 filing with the SEC, Chemnitz has control over 25,442 shares of company stock of which 20,241 shares are held directly and 5,201 are controlled indirectly. These holdings have an approximate market value of $1.75 million as of the prior-day closing price.
In the 90 days prior to the date of this filing, there have been 11 insider transactions reported to the SEC for Materion. These transactions came from the activities of 6 individual insiders that resulted in a net acquisition of 21,169 company shares. In the preceding 90-day window of time, there were 13 transactions from 6 insiders that resulted in the net disposition of 2,767 shares.
This level of insider transactions is lower than the peer group average in the 10-company Nonferrous Metal Processing peer group over the last 90-day period. Peer group activity averaged 77.1 transactions per company, and disposition of 1,336,866 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1104657/000110465721000006/xslF345X03/wf-form4_161254428024388.xml
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