SPY424.31+0.70 0.17%
DIA345.12+0.14 0.04%
IXIC14,069.42+49.09 0.35%

Insider Trends: Timken Insider Converts/Exercises Derivative Security, Sells for Taxes and Self, Buying Trend Remains Intact

05/11/2021 12:23

04:12 PM EDT, 05/11/2021 (MT Newswires) -- On May 10, 2021, VP, GC, and Secretary, Hansal N Patel, exercised options/derivative securities for 3,196 shares. A portion of these optioned shares (489 shares) were sold for tax obligations and an additional 3,196 shares were sold for $293,186. Subsequent to the Form 4 filing with the SEC, Patel owns 3,983 shares of company stock, which have a market value of $357,355 as of the prior-day closing price. In addition the company has granted Patel stock options of which 2,373 are currently in the money and have an approximate value of $110,918 as of yesterday's closing price.

Over the last 90 days, previous to the date of this filing, there have been 46 insider transactions reported to the SEC for Timken. These transactions came from the activities of 8 separate insiders that resulted in a net acquisition of 109,127 company shares. This compares with the preceding 90-day window of time where there were 12 transactions from 3 insiders which resulted in the net disposition of 20,000 shares.

This is a lower level of transactions than the peer group average in the 51-company Industrial Machinery & Equipment peer group over the last 90-day period. Peer group activity averaged 131.0 transactions per company, and disposition of 113,543 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/98362/000009836221000094/xslF345X03/wf-form4_162076376912281.xml

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