Insider Trends: Insider at Xylem Converts/Exercises Derivative Security, Sells for Taxes and Self, Buying Trend Remains Intact
06:56 PM EDT, 05/11/2021 (MT Newswires) -- On May 07, 2021, SVP, Matthew Francis Pine, exercised options/derivative securities for 3,604 shares. A portion of these optioned shares (5,972 shares) were sold for tax obligations and an additional 10,610 shares were sold for $1,263,936. Subsequent to the Form 4 filing with the SEC, Pine has 46,824 shares of company stock, with a market value, based on the prior-day closing price, of $5.61 million.
During the most recent 90-day period, prior to the date of this filing, there have been 31 insider transactions reported to the SEC for Xylem. These transactions came from the activities of 12 different insiders that resulted in a net acquisition of 18,435 company shares. Relative to the preceding 90-day window of time, there were 7 transactions from 3 insiders and resulted in the net disposition of 7,863 shares.
This level of insider transactions is lower than the peer group average in the 9-company Pump & Pumping Equipment peer group over the last 90-day period. Activity in the peer group averaged 198.7 transactions per company, with company insiders acquiring on average 284,685 shares.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1524472/000120919121031852/xslF345X03/doc4.xml
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