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Insider Trends: Prestige Consumer Healthcare Insider Sells Stock for Taxes Interrupting 90-Day Buy Trend

05/10/2021 12:06

04:06 PM EDT, 05/10/2021 (MT Newswires) -- On May 06, 2021, Ronald M Lombardi, Chief Executive Office, reported a sale of 4,055 Prestige Consumer Healthcare (PBH) shares for approximately $186,936 to satisfy tax obligations. Lombardi, subsequent to the transactions described in the SEC Form 4 filing, owns 159,713 shares of company stock, which have a market value of $7.36 million as of the prior-day closing price.

Over the last 90 days, prior to the date of this filing, there have been 16 insider transactions reported to the SEC for Prestige Consumer Healthcare. These transactions came from the activities of 7 separate insiders that resulted in a net acquisition of 29,585 company shares. In the preceding 90-day window of time, there was 1 transaction from 1 insider that resulted in the disposition of 2,532 shares.

This level of insider transactions is lower than the peer group average in the 13-company Drug Retailers peer group over the last 90-day period. Activity in the peer group averaged 105.7 transactions per company, with company insiders acquiring on average 154,428 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1295947/000110465921063824/xslF345X03/tm2115782-2_4seq1.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.