Insider Trends: Genesco Insider Tax Sale Continues 90-Day Selling Trend

MT Newswires ·  {{timeTz}}

05:02 PM EDT, 06/30/2021 (MT Newswires) -- On Jun 28, 2021, Parag Desai, Sr VP-Chief Strat & Dig Off, completed a sale of 3,508 Genesco (GCO) shares for approximately $218,619 to meet tax obligations. Desai, after the transactions detailed in the SEC Form 4 filing, owns 60,135 shares of company stock, which have a market value of $3.75 million as of the prior-day closing price.

Over the last 90 days, previous to the date of this filing, there have been 11 insider transactions reported to the SEC for Genesco. These transactions came from the activities of 6 separate insiders that resulted in a net acquisition of 1,539 company shares. Relative to the preceding 90-day window of time, there were 2 transactions from 2 insiders that resulted in the net disposition of 7,000 shares.

This is a lower level of transactions than the peer group average in the 27-company Apparel & Accessories Retailers peer group over the last 90-day period. Peer group activity averaged 153.3 transactions per company, and disposition of 52,449 shares on average.

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