Friday’s Insider Report: Directors complete multi-million-dollar sales in this stock trading near a record high

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A look at recent notable transactions

Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over.

Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock’s valuation; perhaps an insider needs to raise money for personal reasons. An insider’s total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company.

On March 12, Stuart Lang, who sits on the board of directors, sold a total of 700,000 shares at an average price per share of approximately $73.93 for two accounts in which he has indirect ownership, leaving 1,565,208 shares in one account and 1,396,340 shares in a different account . Proceeds from the sales exceeded $51 million, excluding trading fees.)

 

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