Wednesday, September 13, 2017 10:15 PM ET
Insider Sale at American Axle & Manufacturing Holdings (AXL) Deemed Significant
One insider — George Thanopoulos, Director — today, sold 248,901 shares of American Axle & Manufacturing Holdings having a market value of approximately $3,755,464, as revealed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.
American Axle & Manufacturing Holdings level of buy-sell trading activity is close to the 12 member peer company average. The Engine & Powertrain Systems peer group saw 7 buy/sell trades during this period for an average of 0.6 transactions per company. However, the number of shares per buy/sell trade transacted by American Axle & Manufacturing Holdings insiders is higher. Within the peer group there were 0 shares purchased and 23,810 shares sold with company insiders disposing of 3,401 shares on average.
To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data obtained to evaluate and write this story.
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