Tuesday, October 10, 2017 10:15 PM ET
Insider Sale at TerraForm Power (TERP) Deemed Significant
There was a notable sale of shares of TerraForm Power by an insider today, as indicated in a form 4 document filed with the SEC. One insider — BROOKFIELD ASSET MANAGEMENT INC., 10% Owner — sold 625,000 shares in the company having a market value of approximately $8,093,750. This is the first insider buy/sell trade in the past 90 days.
In relation to the peer group over the last 90 days, insider buy/sell trading at TerraForm Power is higher than the 16-company peer group average. Renewable Utilities peer group saw 6 buy/sell trades during this period for an average of 0.4 transactions per company. The number of shares per buy/sell trade for TerraForm Power insiders was also higher. Within the peer group there were 0 shares purchased and 187,128 shares sold with company insiders selling 31,188 shares on average.
Significant insider buying and selling activity has been determined by eliminating 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 in data used in composing and writing this story.
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