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Insider Trends: Regal Beloit Insider Gets Shares Award Makes Tax Sale with Portion, Interrupting 90-Day Buy Trend

05/11/2021 12:53

04:40 PM EDT, 05/11/2021 (MT Newswires) -- Thomas E Valentyn, VP General Counsel & Secretary, awarded 2,547 shares in Regal Beloit (RBC) and sold 1,822 shares concurrently to meet tax obligations on May 09, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 725 company shares. Following the Form 4 filing with the SEC, Valentyn owns 13,386 shares of the company, which have a market value of $1.98 million as of the prior-day closing price.

Over the last 90 days, prior to the date of this filing, there have been 24 insider transactions reported to the SEC for Regal Beloit. These transactions came from the activities of 16 individual insiders that resulted in a net acquisition of 8,892 company shares. Relative to the preceding 90-day window of time, there were 3 transactions from 3 insiders that resulted in the net disposition of 8,410 shares.

This level of insider transactions is less than the peer group average in the 49-company Electrical Components & Equipment peer group over the last 90-day period. Peer group activity averaged 92.5 transactions per company, and disposition of 78,241 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/82811/000008281121000088/xslF345X03/wf-form4_162076544288240.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.