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