Insider Trends: Insider at AZZ Exercises Options Derivative Securities, Sells for Taxes and Self, Selling Trend Unaffected
04:21 PM EST, 02/05/2021 (MT Newswires) -- On Feb 04, 2021, Director and President & CEO, Thomas E Ferguson, exercised options/derivative securities for 26,471 shares. A portion of these optioned shares (23,050 shares) were sold for tax obligations and an additional 26,471 shares were sold for $1,334,629. Ferguson, after the transactions disclosed in the SEC Form 4 filing, owns 109,794 shares of company stock, with a market value, based on the prior-day closing price, of $5.51 million.
During the most recent 90-day period, prior to the date of this filing, there have been 8 insider transactions reported to the SEC for AZZ. These transactions came from the activities of 5 different insiders that resulted in a net disposition of 1,418 company shares. In the preceding 90-day window of time, there were 4 transactions from 2 insiders and resulted in the net acquisition of 6,450 shares.
This is a lower level of transactions than the peer group average in the 49-company Electrical Components & Equipment peer group over the last 90-day period. Peer group activity averaged 84.8 transactions per company, and disposition of 65,845 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/8947/000000894721000040/xslF345X03/wf-form4_161255986539566.xml
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