Friday, March 09, 2018 10:15 PM ET
Insiders Make Significant Stock Sales in First Midwest Bancorp (FMBI) Shares Extending the Trend of Last Quarter
A notable level of insider sales in First Midwest Bancorp was disclosed in form 4 documents filed with the SEC today. Three insiders — Patrick J McDonnell, Director, Robert P O’Meara, Director, and J Stephen Vanderwoude, Director — disposed of 93,079 shares in the company having a market value of approximately $2,414,888. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the sale of 50,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 143,079 shares and have averaged 35,770 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at First Midwest Bancorp is above the 346-company peer group average. Banks peer group saw 434 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for First Midwest Bancorp insiders was also higher. Within the peer group there were 285,051 shares purchased and 2,178,359 shares sold with company insiders having sold 4,362 shares on average.
The data used 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.
Today’s Insider Activity
* Patrick J McDonnell, Director, sold 25,392 shares
* Robert P O’Meara, Director, sold 25,300 shares
* J Stephen Vanderwoude, Director, sold 42,387 shares
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