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Insider Trends: Insider at Huntsman Corp Acquires Stock Via Conversion of Option/Derivative Security Sells Portion to Pay Tax, Buy Trend Intact

05/11/2021 12:59

04:45 PM EDT, 05/11/2021 (MT Newswires) -- Anthony P Hankins, CEO Asia Pacific and Div Pres, exercised options/derivative securities for 47,348 shares of Huntsman Corp (HUN) and sold 34,261 shares in the company for $1,088,815 to meet tax obligations on May 07, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 13,087 company shares. After the Form 4 filing with the SEC, Hankins owns 584,126 shares of company stock, with a market value, based on the prior-day closing price, of $18.1 million.

Over the last 90 days, previous to the date of this filing, there have been 34 insider transactions reported to the SEC for Huntsman Corp. These transactions came from the activities of 14 separate insiders that resulted in a net acquisition of 348,515 company shares. Relative to the preceding 90-day window of time, there were 16 transactions from 10 insiders that resulted in the net disposition of 20,964 shares.

This is less than the average level of insider transactions in the 34-company Specialty Chemicals peer group over the last 90-day period. Within the peer group activity averaged 120.1 transactions per company, and disposition of 125,332 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1307954/000121465921005200/xslF345X03/marketforms-52718.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.