Wednesday, September 20, 2017 10:15 PM ET
Insider Sales at Frank’s International (FI) Extends the Selling Trend of Last Quarter
Two insiders — Kendall Garrett Mosing, 10% Owner, and Kendall G. Mosing Family, L.L.C., 10% Owner — today, disposed of 3,000,000 shares of Frank’s International having a market value of approximately $21,750,000, as revealed in form 4 documents filed with the SEC. There have been 7 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 7,157,355 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 10,157,355 shares and have averaged 1,128,595 shares per transaction over this time period.
The number of insider buy/sell trades at Frank’s International is above the 56 peer company average over the last 90-day period. The Oil Related Services and Equipment peer group saw 39 buy/sell trades during this period for an average of 0.7 transactions per company. The number of shares per buy/sell trade for Frank’s International insiders was also higher. Within the peer group there were 1,139,994 shares purchased and 7,229,012 shares sold with company insiders disposing of 156,129 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 create and write this story.
Today’s Insider Activity
* Kendall Garrett Mosing, 10% Owner, sold 1,500,000 shares
* Kendall G. Mosing Family, L.L.C., 10% Owner, sold 1,500,000 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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