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Insider Trends: Insider at Materion Awarded Stock Portion of Which is Sold for Taxes, Reducing 90-Day Buy Trend

· 02/05/2021 07:14

12:00 PM EST, 02/05/2021 (MT Newswires) -- On Feb 03, 2021, Jugal K Vijayvargiya, President & CEO, awarded 31,742 shares in Materion (MTRN) and sold 12,099 shares concurrently to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 19,643 company shares. Vijayvargiya, after the transactions described in the SEC Form 4 filing, has 42,894 shares of company stock, which have a market value of $2.95 million as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 9 insider transactions from the activities of 5 individual insiders all of which have been purchases and resulted in the acquisition of 1,526 company shares. In the preceding 90-day window of time, there were 13 transactions from 6 insiders which resulted in the net disposition of 2,767 shares.

This is a lower level of transactions than the peer group average in the 10-company Nonferrous Metal Processing peer group over the last 90-day period. Within the peer group activity averaged 76.9 transactions per company, and disposition of 1,337,062 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1104657/000110465721000005/xslF345X03/wf-form4_161254425854194.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.