Tuesday, November 14, 2017 10:15 PM ET
American Axle & Manufacturing Holdings (AXL) Insider Makes Significant Share Sale
There was a substantial sale of shares of American Axle & Manufacturing Holdings by an insider today, as indicated in a form 4 document filed with the SEC. One insider — American Securities Llc, 10% Owner — disposed of 15,000,000 shares in the company having a market value of approximately $260,550,000. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 248,901 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 15,248,901 shares and have averaged 7,624,451 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at American Axle & Manufacturing Holdings is greater than the 12-company peer group average. Engine & Powertrain Systems peer group saw 7 buy/sell trades during this period for an average of 0.6 transactions per company. The number of shares per buy/sell trade for American Axle & Manufacturing Holdings insiders was also higher. Within the peer group there were 0 shares purchased and 266,478 shares sold with company insiders having sold 38,068 shares on average.
The data sourced in creating and writing in this story eliminates 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.
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