Wednesday, November 22, 2017 10:15 PM ET
Insider Sales at Jeld-Wen Holding (JELD) are Significant and Extend the Selling Trend of Last Quarter
There was a notable level of insider selling reported today in filings with the SEC for Jeld-Wen Holding. Three insiders — Kirk S Hachigian, Director, John R Linker, Officer, and Onex Corp, 10% Owner — sold 14,375,000 shares in the company for approximately $470,601,971. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the sale of 20,832,636 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 35,207,636 shares and have averaged 8,801,909 shares per transaction over this time period.
The number of buy-sell trades for Jeld-Wen Holding is close to that of the 4 member peer company average. The Doors & Window Frames peer group saw 16 buy/sell trades during this period for an average of 4.0 transactions per company. However, the number of shares per buy/sell trade transacted by Jeld-Wen Holding insiders is higher. Within the peer group there were 0 shares purchased and 20,989,171 shares sold with company insiders disposing of 1,311,823 shares on average.
The data sourced in evaluating 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.
Today’s Insider Activity
* Kirk S Hachigian, Director, sold 156,029 shares
* John R Linker, Officer, sold 7,235 shares
* Onex Corp, 10% Owner, sold 14,211,736 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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