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Insider Trends: Bonanza Creek Energy Insider Sale for Taxes Adds to 90-Day Selling Trend

05/11/2021 13:06

04:51 PM EDT, 05/11/2021 (MT Newswires) -- Eric T Greager, Director and President & CEO, sold 3,857 shares of Bonanza Creek Energy (BCEI) for approximately $154,280 to fulfill tax obligations on May 08, 2021. Greager, subsequent to the transactions described in the SEC Form 4 filing, has 171,268 shares of the company, which have a market value of $6.85 million as of the prior-day closing price.

During the most recent 90-day period, prior to the date of this filing, there have been 3 transactions reported to the SEC, all of which have been sales and have resulted in the disposition of 14,796 company shares by insiders. This compares with the preceding 90-day window of time where there was 1 transaction from 1 insider which resulted in the disposition of 1,353 shares.

This level of insider transactions is below that of the peer group average in the 11-company Oil Exploration & Production - Onshore peer group over the last 90-day period. Activity in the peer group averaged 36.1 transactions per company, and disposition of 319,097 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1509589/000150958921000060/xslF345X03/edgardoc.xml

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