Insider Trends: Insider at Corporate Office Properties Trust Awarded Stock Portion of Which is Sold for Taxes, Reducing 90-Day Buy Trend
04:28 PM EST, 02/05/2021 (MT Newswires) -- Anthony Mifsud, EVP & CFO, awarded 22,164 shares in Corporate Office Properties Trust (OFC) and sold 10,891 shares concurrently to meet tax obligations on Feb 03, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 11,273 company shares. Subsequent to the Form 4 filing with the SEC, Mifsud has 61,092 shares of the company, which have a market value of $1.68 million as of the prior-day closing price.
In the 90 days prior to the date of this filing, there have been 13 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 acquisition of 37,738 company shares. This compares with the preceding 90-day window of time where there were 4 transactions from 3 insiders which resulted in the net acquisition of 19,307 shares.
This is lower than the average level of insider transactions in the 16-company Office REITs peer group over the last 90-day period. Activity in the peer group averaged 101.4 transactions per company, and disposition of 163,403 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/860546/000117911021001344/xslF345X03/edgar.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.