Insider Trends: Resolute Forest Products Insider Exercises Options Derivative Securities, Sells for Taxes and Self, Selling Trend Unaffected
04:02 PM EDT, 05/11/2021 (MT Newswires) -- On May 07, 2021, Senior Vice President & CLO, Jacques P Vachon, exercised options/derivative securities for 37,064 shares. A portion of these optioned shares (29,837 shares) were sold for tax obligations and an additional 45,214 shares were sold for $723,244. Following the Form 4 filing with the SEC, Vachon owns 113,409 shares of the company, with a market value, based on the prior-day closing price, of $1.77 million.
In the 90 days prior to the date of this filing, there have been 17 insider transactions reported to the SEC for Resolute Forest Products. These transactions came from the activities of 8 separate insiders that resulted in a net disposition of 151,690 company shares. This compares with the preceding 90-day window of time where there were 49 transactions from 10 insiders which resulted in the net acquisition of 575,932 shares.
This is less than the average level of insider transactions in the 16-company Paper Products peer group over the last 90-day period. Within the peer group activity averaged 41.9 transactions per company, with company insiders acquiring on average 27,898 shares.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1393066/000120919121031590/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.