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Insider Trends: 90-Day Insider Selling Trend Prolonged at Spirit Realty Capital

05/10/2021 12:49

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

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.