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