During the week of April 29 to May 5, 2017 insiders filed 3,796 Form 4 reports with the SEC. This activity came from 3,507 insiders representing 1,041 companies. Most of this reported activity involved the following reporting categories: 38,503,000 discretionary share purchases; 147,810,538 discretionary share sales; 8,372,691 shares in discretionary tax sales; 73,192,978 shares granted as part of awards transactions; and 148,113,217 shares involved in options and derivative security transactions.
The total value of these transactions was approximately $8,143,283,660 and reflected activity involving approximately 429,830,449 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 213,496,364 shares. “Disposed” shares were approximately 262,109,529 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 2,247 were less than $100,000 in market value. Transactions over $100,000 in market value numbered 1,195 while, individual transactions totaling over $1 million in market value occurred in 354 of these filings. Companies with aggregate market value transactions of over $1 million numbered 238, and within these companies there were 329 individual insiders surpassing the high value threshold.
Notable Industry Groups
The industry groups seeing the most shares acquired were Oil & Gas Refining and Marketing and Oil & Gas Exploration and Production. Within these groups insiders acquired 42,724,498 shares and 28,728,509 shares respectively. The largest dispositions by insiders occurred in the Casinos & Gaming industry group where insiders disposed of 44,661,353 shares followed by the Hotels & Motels industry group where insiders disposed of 30,750,000 shares.
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