Marriott Vacations Worldwide (VAC) Insiders Make Significant Share Sales

Friday, November 24, 2017 10:15 PM ET

Marriott Vacations Worldwide (VAC) Insiders Make Significant Share Sales

There was substantial level of selling of Marriott Vacations Worldwide shares by insiders today, as revealed in form 4 documents filed with the SEC. Four insiders — Martinez, Cunningham, Hunter, and Yonker — sold 21,670 shares in the company having a market value of approximately $2,919,195. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 5,418 shares per transaction.

The number of insider buy/sell trades at Marriott Vacations Worldwide is above that of the 13 peer company average over the last 90-day period. The Hotels, Motels & Cruise Lines peer group saw 21 buy/sell trades during this period for an average of 1.6 transactions per company. However, the number of shares traded per transaction by Marriott Vacations Worldwide insiders is lower than its peers. Within the peer group there were 0 shares purchased and 47,321,426 shares sold with company insiders disposing of 2,253,401 shares on average over this time period.

The data used in composing 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
* Melquiades R Martinez, Director, sold 2,812 shares
* R Lee Cunningham, Officer, sold 9,000 shares
* James H Hunter IV, Officer, sold 7,358 shares
* Michael E Yonker, Officer, sold 2,500 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.

For more information, contact UpTick at Copyright 2017 UpTick Data Technologies. All rights reserved.

This entry was posted in InsiderNews and tagged , , , , . Bookmark the permalink.