Insider Trends: Century Communities Insider Gets Stock Award, Exercises Derivative Security, Makes Tax Sale with Portion
04:43 PM EST, 02/05/2021 (MT Newswires) -- On Feb 03, 2021, Robert J Francescon, Director and Co-CEO, President, was awarded 104,477 Century Communities (CCS) shares and exercised options/derivative securities for 89,933 shares in the company while selling 82,315 shares to satisfy tax obligations. This resulted in a net acquisition of 112,095 company shares. After the Form 4 filing with the SEC, Francescon has control over 1,696,258 shares of company stock of which 403,465 shares are held directly and 1,292,793 are controlled indirectly. These holdings have an approximate market value of $83.0 million as of the prior-day closing price.
In the 90 days prior to the date of this filing, there have been 4 insider transactions reported to the SEC for Century Communities. These transactions came from the activities of 2 separate insiders that resulted in a net acquisition of 113,104 company shares. This compares with the preceding 90-day window of time where there are no insider transactions for the company.
This level of transactions is below that of the peer group average in the 17-company Homebuilding peer group over the last 90-day period. Peer group activity averaged 97.2 transactions per company, with company insiders acquiring on average 272,106 shares.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1576940/000157694021000013/xslF345X03/certent-form4.xml
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