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

· 02/05/2021 11:29

04:27 PM EST, 02/05/2021 (MT Newswires) -- On Feb 03, 2021, Stephen E Budorick, President & CEO, awarded 71,660 shares in Corporate Office Properties Trust (OFC) and sold 29,151 shares concurrently to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 42,509 company shares. Following the Form 4 filing with the SEC, Budorick has 194,281 shares of the company, which have a market value of $5.33 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 Corporate Office Properties Trust. These transactions came from the activities of 3 separate insiders that resulted in a net disposition of 4,771 company shares. Relative to the preceding 90-day window of time, there were 4 transactions from 3 insiders and resulted in the net acquisition of 19,307 shares.

This is a lower level of transactions than the peer group average in the 16-company Office REITs peer group over the last 90-day period. Peer group activity averaged 101.3 transactions per company, and disposition of 163,569 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/860546/000117911021001343/xslF345X03/edgar.xml

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