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Insider Trends: Insider at Scientific Games Acquires Stock Via Option/Derivative Security Sells Portion to Pay Tax, Buy Trend Intact

05/11/2021 12:49

04:35 PM EDT, 05/11/2021 (MT Newswires) -- On May 07, 2021, Patrick J McHugh, EVP & Grp Chief Exec, Lottery, exercised options/derivative securities for 9,737 shares of Scientific Games (SGMS) and sold 4,392 shares in the company for $235,323 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 5,345 company shares. Following the Form 4 filing with the SEC, McHugh owns 42,956 shares of company stock, with a market value, based on the prior-day closing price, of $2.24 million.

Over the last 90 days, previous to the date of this filing, there have been 16 insider transactions reported to the SEC for Scientific Games. These transactions came from the activities of 8 separate insiders that resulted in a net acquisition of 142,531 company shares. This compares with the preceding 90-day window of time where there are no insider transactions for the company.

This is less than the average level of insider transactions in the 4-company Gambling & Gaming Machine Manufacturers peer group over the last 90-day period. Within the peer group activity averaged 114.8 transactions per company, and disposition of 1,726,173 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/750004/000095015721000512/xslF345X03/form4.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.