Insider Trends: Arch Capital Group Insider Exercises Option/Derivative Security to Acquire Stock Sells Portion to Pay Tax, Buy Trend Intact
04:15 PM EDT, 05/07/2021 (MT Newswires) -- On May 05, 2021, Maamoun Rajeh, Chairman & CEO Arch Re Group, exercised options/derivative securities for 57,213 shares of Arch Capital Group (ACGL) and sold 18,834 shares in the company for $756,938 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 38,379 company shares. Rajeh, following the transactions detailed in the Form 4 SEC filing, owns 400,800 shares of company stock, which have a market value of $15.9 million as of the prior-day closing price.
In the 90 days prior to the date of this filing, there have been 17 insider transactions reported to the SEC for Arch Capital Group. These transactions came from the activities of 7 separate insiders that resulted in a net acquisition of 182,784 company shares. In the preceding 90-day window of time, there are no insider transactions for the company.
This is below the average for insider transactions in the 61-company Property & Casualty Insurance peer group over the last 90-day period. Peer group activity averaged 127.8 transactions per company, and disposition of 13,221 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/947484/000117911021005000/xslF345X03/edgar.xml
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