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Insider Trends: FLIR Systems Insider Converts Option/Derivative Security Sells Portion to Pay Tax, Buy Trend Intact

05/11/2021 16:00

07:51 PM EDT, 05/11/2021 (MT Newswires) -- John W Wood Jr, Director, exercised options/derivative securities for 88,676 shares of FLIR Systems (FLIR) and sold 42,529 shares in the company for $2,526,827 to meet tax obligations on May 07, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 46,147 company shares. Wood, following the transactions delineated in the Form 4 SEC filing, owns 105,489 company shares, which have a market value of $6.22 million as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 41 insider transactions reported to the SEC for FLIR Systems. These transactions came from the activities of 15 individual insiders that resulted in a net acquisition of 395,335 company shares. This compares with the preceding 90-day window of time where there were 10 transactions from 7 insiders which resulted in the net acquisition of 37,895 shares.

This level of insider transactions is higher than the peer group average for the 12-company Security & Surveillance peer group over the last 90-day period. Activity in the peer group averaged 38.4 transactions per company, and disposition by insiders of 243,218 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/354908/000035490821000073/xslF345X03/wf-form4_162077695560798.xml

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