During the week of May 27 to June 2, 2017 insiders filed 2,911 Form 4 reports with the SEC. This activity came from 2,689 insiders representing 945 companies. Most of this reported activity involved the following reporting categories: 14,429,067 discretionary share purchases; 186,150,453 discretionary share sales; 2,008,139 shares in discretionary tax sales; 21,388,957 shares granted as part of awards transactions; and 323,022,342 shares involved in options and derivative security transactions.
The total value of these transactions was approximately $5,399,598,702 and reflected activity involving approximately 523,716,801 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 292,027,837 shares. “Disposed” shares were approximately 284,659,182 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 1,787 were less than $100,000 in market value. Transactions over $100,000 in market value numbered 879 while, individual transactions totaling over $1 million in market value occurred in 245 of these filings. Companies with aggregate market value transactions of over $1 million numbered 173, and within these companies there were 221 individual insiders surpassing the high value threshold.
Notable Industry Groups
The industry groups seeing the most shares acquired were Integrated Oil & Gas and Cloud Computing Services. Within these groups insiders acquired 156,600,000 shares and 37,002,512 shares respectively. The largest dispositions by insiders occurred in the Oil & Gas Exploration and Production industry group where insiders disposed of 90,103,007 shares followed by the Petroleum Refining industry group where insiders disposed of 24,934,973 shares.
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