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Insider Trends: Monro Insider Exercises Option/Derivative Security to Acquire Stock Sells Portion to Pay Tax, Buy Trend Intact

05/11/2021 11:17

03:01 PM EDT, 05/11/2021 (MT Newswires) -- On May 05, 2021, Brian D'Ambrosia, EVP & CFO, exercised options/derivative securities for 5,000 shares of Monro (MNRO) and sold 3,445 shares in the company for $245,663 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 1,555 company shares. D'Ambrosia, subsequent to the transactions detailed in the SEC Form 4 filing, has 20,095 shares of the company, which have a market value of $1,386,957 as of the prior-day closing price.

Over the last 90 days, previous to the date of this filing, there have been 4 insider transactions reported to the SEC for Monro. These transactions came from the activities of 3 separate insiders that resulted in a net acquisition of 16,523 company shares. This compares with the preceding 90-day window of time where there were 5 transactions from 1 insider which resulted in the disposition of 51,396 shares.

This is a lower level of transactions than the peer group average in the 7-company Auto Vehicles, Parts & Service Retailers peer group over the last 90-day period. Within the peer group activity averaged 166.3 transactions per company, and disposition of 890,963 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/876427/000120919121031570/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.