Insider Trends: 90-Day Insider Selling Trend Prolonged at Spirit Realty Capital
04:43 PM EDT, 05/10/2021 (MT Newswires) -- Jay Young, EVP, General Counsel, sold 15,000 shares in Spirit Realty Capital (SRC) for $705,024 on May 07, 2021. Following the Form 4 filing with the SEC, Young has 26,412 shares of the company, which have a market value of $1.25 million as of the prior-day closing price.
Over the last 90 days, previous to the date of this filing, there have been 3 insider transactions reported to the SEC for Spirit Realty Capital. These transactions came from the activity of one insider that resulted in a net acquisition of 14,150 company shares. Relative to the preceding 90-day window of time, there were 12 transactions from 5 insiders and resulted in the net acquisition of 69,144 shares.
This is less than the average level of insider transactions in the 49-company Commercial REITs peer group over the last 90-day period. Peer group activity averaged 103.6 transactions per company, and disposition of 71,979 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1308606/000120919121031253/xslF345X03/doc4.xml
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