Thursday, January 25, 2018 10:15 PM ET
Insider Selling at Simpson Manufacturing (SSD) Continues with Significant Sale
There was a significant sale of shares of Simpson Manufacturing by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Sharon H Simpson, 10% Owner — disposed of 93,605 shares in the company having a market value of approximately $5,604,045. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 564,284 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 657,889 shares and have averaged 164,472 shares per transaction over this time period.
Insider buy/sell trading at Simpson Manufacturing is greater than the 19 peer company average over the last 90-day period. The Construction Supplies & Fixtures peer group saw 29 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Simpson Manufacturing insiders was also higher. Within the peer group there were 11,054 shares purchased and 677,448 shares sold with company insiders selling 22,979 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 obtained in creating and writing this story.
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