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Insider Trends: Insider at US Silica Holdings Sells Stock for Taxes Interrupting 90-Day Buy Trend

05/11/2021 12:08

04:00 PM EDT, 05/11/2021 (MT Newswires) -- On May 07, 2021, William Jennings Kacal, Director, completed a sale of 28,171 US Silica Holdings (SLCA) shares for approximately $311,008 to meet tax obligations. Kacal, after the transactions detailed in the SEC Form 4 filing, controls 189,113 company shares of which 186,513 shares are held directly and 2,600 shares are owned indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $2.09 million.

Over the last 90 days, prior to the date of this filing, there have been 26 insider transactions reported to the SEC for US Silica Holdings. These transactions came from the activities of 9 different insiders that resulted in a net acquisition of 486,846 company shares. This compares with the preceding 90-day window of time where there were 10 transactions from 6 insiders which resulted in the net disposition of 113,284 shares.

This represents a higher level of transactions than the peer group average for the 23-company Specialty Mining & Metals peer group over the last 90-day period. Peer group activity averaged 23.4 transactions per company, with company insiders acquiring on average 167,494 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1524741/000120919121031589/xslF345X03/doc4.xml

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