Insider Trends: Insider at Materion Reports Option Conversion in Mist of 90-Day Buying Trend
08:56 AM EDT, 05/10/2021 (MT Newswires) -- On May 06, 2021, Vinod M Khilnani, Director, exercised options for 2,012 shares in Materion (MTRN) for $154,381. After the Form 4 filing with the SEC, Khilnani controls a total of 31,241 shares of the company, with 13,869 shares held directly and 17,372 owned indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $2.37 million.
Over the last 90 days, prior to the date of this filing, there have been 20 insider transactions reported to the SEC for Materion. These transactions came from the activities of 10 different insiders that resulted in a net acquisition of 19,511 company shares. Relative to the preceding 90-day window of time, there were 13 transactions from 7 insiders and resulted in the net acquisition of 25,931 shares.
This is lower than the average level of insider transactions in the 10-company Nonferrous Metal Processing peer group over the last 90-day period. Within the peer group activity averaged 84.4 transactions per company, and disposition of 1,639,111 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1104657/000110465721000054/xslF345X03/wf-form4_162065118518294.xml
This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.