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

05/10/2021 14:06

05:52 PM EDT, 05/10/2021 (MT Newswires) -- On May 06, 2021, EVP & Chief Investment Officer, John Michael Boschelli, exercised options/derivative securities for 13,543 shares. A portion of these optioned shares (11,048 shares) were sold for tax obligations and an additional 18,829 shares were sold for $1,493,105. Boschelli has control over 15,522 company shares of which 14,793 shares are controlled directly and 729 shares indirectly following the transactions delineated in the Form 4 SEC filing. These holdings have an approximate market value of $1.23 million as of the prior-day closing price.

Over the last 90 days, previous to the date of this filing, there have been 13 insider transactions reported to the SEC for Kemper. These transactions came from the activities of 11 individual insiders that resulted in a net acquisition of 12,927 company shares. In the preceding 90-day window of time, there were 19 transactions from 10 insiders and resulted in the net acquisition of 79,844 shares.

This is less than the average level of insider transactions in the 22-company Multiline Insurance & Brokers peer group over the last 90-day period. Peer group activity averaged 74.1 transactions per company, and disposition of 19,329 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/860748/000086074821000101/xslF345X03/wf-form4_162068343216586.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.