Monday, November 27, 2017 10:15 PM ET
Significant Insider Selling in Shares of T Rowe Price Group
One insider — William J Stromberg, Director and Officer — today, sold 30,000 shares of T Rowe Price Group having a market value of approximately $2,912,829, as disclosed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.
This number of buy-sell trades at T Rowe Price Group is near average for the 31 member peer company. The Investment Management peer group saw 39 buy/sell trades during this period for an average of 1.3 transactions per company. However, trading at T Rowe Price Group represents a lower number of shares per transaction. Within the peer group there were 17,040,733 shares purchased and 16,193,796 shares sold with company insiders purchasing 40,330 shares on average over this time period.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to create and write this story.
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