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Insider Trends: Prestige Consumer Healthcare Insider Awarded Shares Uses Portion to Pay Taxes, Easing 90-Day Buy Trend

05/11/2021 12:13

04:05 PM EDT, 05/11/2021 (MT Newswires) -- On May 07, 2021, Ronald M Lombardi, Chief Executive Office, awarded 27,281 shares in Prestige Consumer Healthcare (PBH) and sold 29,393 shares concurrently to meet tax obligations. After accounting for tax obligations this transaction resulted in a net disposition of 2,112 company shares. Following the Form 4 filing with the SEC, Lombardi has 157,601 shares of the company, which have a market value of $7.38 million as of the prior-day closing price.

Over the last 90 days, prior to the date of this filing, there have been 20 insider transactions reported to the SEC for Prestige Consumer Healthcare. These transactions came from the activities of 7 different insiders that resulted in a net acquisition of 22,822 company shares. In the preceding 90-day window of time, there was 1 transaction from 1 insider that culminated in the disposition of 2,532 shares.

This is lower than the average level of insider transactions in the 13-company Drug Retailers peer group over the last 90-day period. Within the peer group activity averaged 106.0 transactions per company, with company insiders acquiring on average 154,468 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1295947/000110465921064514/xslF345X03/tm2115936-2_4seq1.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.