Insider Trends: Expeditors International of Washington Insider Converts/Exercises Derivative Security, Sells for Taxes and Self, Buying Trend Remains Intact
05:08 PM EDT, 05/07/2021 (MT Newswires) -- On May 05, 2021, President - Global Geographies, Richard H Rostan, exercised options/derivative securities for 66,993 shares. A portion of these optioned shares (738 shares) were sold for tax obligations and an additional 65,738 shares were sold for $7,456,299. Rostan, subsequent to the transactions disclosed in the SEC Form 4 filing, owns 65,791 company shares, which have a market value of $7.61 million as of the prior-day closing price.
Over the last 90 days, previous to the date of this filing, there have been 22 insider transactions reported to the SEC for Expeditors International of Washington. These transactions came from the activities of 13 separate insiders that resulted in a net acquisition of 20,714 company shares. In the preceding 90-day window of time, there were 6 transactions from 3 insiders which resulted in the net disposition of 12,054 shares.
This level of transactions is below that of the peer group average in the 7-company Courier, Postal, Air Freight & Land-based Logistics (NEC) peer group over the last 90-day period. Peer group activity averaged 135.4 transactions per company, with company insiders acquiring on average 174,234 shares.
SEC Story Link http://www.sec.gov/Archives/edgar/data/746515/000112760221015913/xslF345X03/form4.xml
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