Insider Trends: Insider Acquires Tempur Sealy International Stock Via Option/Derivative Security, Sells Part to Pay Tax, Trend of Selling Intact
04:11 PM EDT, 05/10/2021 (MT Newswires) -- Scott L Thompson, Director and CEO & President, exercised options/derivative securities for 13,096 shares of Tempur Sealy International (TPX) and sold 3,189 shares in the company for $123,351 to meet tax obligations on May 06, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 9,907 company shares. After the Form 4 filing with the SEC, Thompson has 1,662,765 company shares, which have a market value of $65.4 million as of the prior-day closing price.
In the 90 days prior to the date of this filing, there have been 18 insider transactions reported to the SEC for Tempur Sealy International. These transactions came from the activities of 7 separate insiders that resulted in a net disposition of 1,034,194 company shares. Relative to the preceding 90-day window of time, there were 50 transactions from 9 insiders that resulted in the net acquisition of 1,933,113 shares.
This is less than the average level of insider transactions in the 9-company Furniture & Art peer group over the last 90-day period. Peer group activity averaged 113.7 transactions per company, and disposition of 246,761 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1206264/000120626421000152/xslF345X03/wf-form4_162067726445647.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.