Insider Trends: Qorvo Insider Reports Option Conversion in Face of 90-Day Selling Trend
05:12 PM EDT, 05/11/2021 (MT Newswires) -- Walden C Rhines, Director, on May 10, 2021, exercised options for 5,560 shares in Qorvo (QRVO) for $179,421. Subsequent to the Form 4 filing with the SEC, Rhines owns 44,339 shares of the company, which have a market value of $7.60 million as of the prior-day closing price.
Over the last 90 days, prior to the date of this filing, there have been 12 transactions reported to the SEC, all of which have been sales and have resulted in the disposition of 23,249 company shares by insiders. Relative to the preceding 90-day window of time, there were 8 transactions from 6 insiders which resulted in the net disposition of 17,637 shares.
This is below the average for insider transactions in the 25-company Semiconductor Equipment & Testing peer group over the last 90-day period. Peer group activity averaged 154.3 transactions per company, and disposition of 6,182 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1604778/000156761921009574/xslF345X03/doc1.xml
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