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Insider Trends: Huntington Bancshares Insider Converts/Exercises Derivative Security, Sells for Taxes and Self, Buying Trend Remains Intact

05/10/2021 12:27

04:21 PM EDT, 05/10/2021 (MT Newswires) -- On May 06, 2021, SEVP, Rajeev Syal, exercised options/derivative securities for 29,629 shares. A portion of these optioned shares (22,721 shares) were sold for tax obligations and an additional 28,742 shares were sold for $449,818. Subsequent to the Form 4 filing with the SEC, Syal owns 285,896 shares of the company, with a market value, based on the prior-day closing price, of $4.52 million. In addition the company has granted Syal stock options of which 194,654 are currently in the money and have an approximate value of $1,295,795 as of yesterday's closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 97 insider transactions reported to the SEC for Huntington Bancshares. These transactions came from the activities of 26 separate insiders that resulted in a net acquisition of 597,422 company shares. In the preceding 90-day window of time, there were 7 transactions from 6 insiders that resulted in the net disposition of 76,628 shares.

This level of transactions is below that of the peer group average in the 394-company Banks peer group over the last 90-day period. Peer group activity averaged 105.5 transactions per company, with company insiders acquiring on average 7,436 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/49196/000122520821007869/xslF345X03/doc4.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.