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Insider Trends: German American Bancorp Insider Continues 90-Day Selling Trend

05/10/2021 08:26

12:26 PM EDT, 05/10/2021 (MT Newswires) -- J David Lett, Director, executed a sale of 9,090 shares of German American Bancorp (GABC) on Apr 30, 2021, for $393,157. Lett, subsequent to the transactions designated in the SEC Form 4 filing, controls 75,186 shares of company stock of which 70,924 shares are held directly and 4,262 shares are owned indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $3.19 million.

In the 90 days prior to the date of this filing, there have been 31 insider transactions reported to the SEC for German American Bancorp. These transactions came from the activities of 15 separate insiders that resulted in a net disposition of 41,037 company shares. In the preceding 90-day window of time, there were 35 transactions from 13 insiders and resulted in the net acquisition of 9,375 shares.

This level of transactions is below that of the peer group average in the 212-company Corporate Banks peer group over the last 90-day period. Within the peer group activity averaged 114.7 transactions per company, and disposition of 1,081 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/714395/000141588921002384/xslF345X03/form4-05102021_090545.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.