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Insider Trends: Infinera Insider Converts Option/Derivative Security to Acquire Stock, Makes Tax Sale, Selling Trend Intact

05/07/2021 15:19

07:04 PM EDT, 05/07/2021 (MT Newswires) -- On May 05, 2021, Dr David F Welch, Director, exercised options/derivative securities for 93,776 shares of Infinera (INFN) and sold 32,681 shares in the company for $280,403 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 61,095 company shares. Subsequent to the Form 4 filing with the SEC, Dr Welch has indirect ownership of 670,907 shares of company stock, with a market value, based on the prior-day closing price, of $5.82 million.

During the most recent 90-day period, previous to the date of this filing, there have been 25 insider transactions reported to the SEC for Infinera. These transactions came from the activities of 8 individual insiders that resulted in a net disposition of 315,184 company shares. Relative to the preceding 90-day window of time, there were 21 transactions from 7 insiders and resulted in the net disposition of 569,963 shares.

This is less than the average level of insider transactions in the 79-company Communications & Networking peer group over the last 90-day period. Within the peer group activity averaged 120.0 transactions per company, and disposition of 14,604 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1138639/000113863921000080/xslF345X03/wf-form4_162042851539529.xml

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