Insider Trends: USANA Health Sciences Insider Exercises Option/Derivative Security to Acquire Stock Sells Portion to Pay Tax, Buy Trend Intact
06:56 PM EST, 02/05/2021 (MT Newswires) -- Dr Robert A Sinnott, Chief Scientific Officer, exercised options/derivative securities for 4,359 shares of USANA Health Sciences (USNA) and sold 1,957 shares in the company for $163,929 to meet tax obligations on Feb 03, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 2,402 company shares. Subsequent to the Form 4 filing with the SEC, Dr Sinnott owns 2,402 company shares, with a market value, based on the prior-day closing price, of $204,602.
During the most recent 90-day period, prior to the date of this filing, there have been 16 insider transactions reported to the SEC for USANA Health Sciences. These transactions came from the activities of 9 separate insiders that resulted in a net acquisition of 34,796 company shares. Relative to the preceding 90-day window of time, there were 35 transactions from 16 insiders and resulted in the net disposition of 597,077 shares.
This level of insider transactions is lower than the peer group average in the 19-company Personal Products peer group over the last 90-day period. Activity in the peer group averaged 159.2 transactions per company, and disposition of 89,869 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/896264/000117911021001369/xslF345X03/edgar.xml
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