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Insider Trends: Insider at TCF Financial Makes Shares Sale for Tax Slowing 90-Day Buy Trend

05/10/2021 13:18

05:08 PM EDT, 05/10/2021 (MT Newswires) -- Gary Torgow, Director and Executive Chairman, sold 5,091 shares of TCF Financial (TCF) for approximately $239,735 to fulfill tax obligations on May 06, 2021. Torgow has control over 279,908 shares of the company of which 278,569 shares are controlled directly and 1,339 shares indirectly following the transactions described in the Form 4 SEC filing. These holdings have an approximate market value of $13.2 million as of the prior-day closing price.

During the most recent 90-day period, prior to the date of this filing, there have been 80 insider transactions reported to the SEC for TCF Financial. These transactions came from the activities of 29 different insiders that resulted in a net acquisition of 235,572 company shares. Relative to the preceding 90-day window of time, there were 21 transactions from 18 insiders which resulted in the net disposition of 92,751 shares.

This is below the average for insider transactions in the 394-company Banks peer group over the last 90-day period. Within the peer group activity averaged 105.6 transactions per company, with company insiders acquiring on average 7,442 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/19612/000001961221000137/xslF345X03/wf-form4_162068068258556.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.