Insider Trends: Insider at SunPower Acquires Stock Via Option/Derivative Security Sells Portion to Pay Tax, Buy Trend Intact
06:17 PM EDT, 05/07/2021 (MT Newswires) -- Manavendra Sial, EVP & CFO, exercised options/derivative securities for 26,230 shares of SunPower (SPWR) and sold 13,005 shares in the company for $302,756 to meet tax obligations on May 05, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 13,225 company shares. Subsequent to the Form 4 filing with the SEC, Sial has 103,978 shares of the company, with a market value, based on the prior-day closing price, of $2.35 million.
In the 90 days prior to the date of this filing, there have been 24 insider transactions reported to the SEC for SunPower. These transactions came from the activities of 9 individual insiders that resulted in a net acquisition of 92,512 company shares. Relative to the preceding 90-day window of time, there were 12 transactions from 6 insiders that resulted in the net acquisition of 148,971 shares.
This level of insider transactions is lower than the peer group average in the 23-company Photovoltaic Solar Systems & Equipment peer group over the last 90-day period. Activity in the peer group averaged 76.5 transactions per company, and disposition of 8,696 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/867773/000089924321018733/xslF345X03/doc4.xml
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