Insider trading activity tracked by the SEC in Form 4 reports saw 2,079 filings during the week of March 18 to March 24, 2017. There were 1,876 insiders involved in these filings, reflecting activity in 700 companies. Most of this reported activity involved the following reporting categories: 28,708,410 discretionary share purchases; 120,921,543 discretionary share sales; 3,679,494 shares in discretionary tax sales; 19,390,781 shares granted as part of awards transactions; and 117,084,412 shares involved in options and derivative security transactions.
The total value of these transactions was approximately $4,487,985,008 and reflected activity involving approximately 256,950,265 shares. “Acquired” shares in these aforementioned transactions is defined as shares retained from an award or through conversions, net of any tax sales, and discretionary purchases, and were approximately 127,529,123 shares. “Disposed” shares were approximately 167,387,333 and are defined as shares awarded and then sold as part of a single filing, and like transactions for options and derivative securities, and non-tax related discretionary sales.
Transactions by Market Value
Of the individual transactions reported 1,100 were less than $100,000 in market value. Transactions over $100,000 in market value numbered 758 and within this insider activity were 221 transactions which individually represented over $1 million in market value. There were 136 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 207 individual insiders with transactions that were greater than $1 million.
Notable Industry Groups
The industry groups seeing the most shares acquired were Enterprise Software and IT Services & Consulting. Within these groups insiders acquired 16,418,261 shares and 12,917,234 shares respectively. The largest dispositions by insiders occurred in the Pharmaceuticals industry group where insiders disposed of 46,581,217 shares followed by the Enterprise Software industry group where insiders disposed of 14,919,696 shares.
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