Prudential Bancorp Inc PBIP:NASDAQ

Last Price$17.82NASDAQ Previous Close - Last Trade as of 4:00PM ET 1/16/20
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Volume2.0 K

Insider Trends: Insider at Prudential Bancorp Acquires Stock Via Option/Derivative Security Sells Portion to Pay Tax, Buy Trend Intact

4:31PM ET 4/19/2019 MT Newswires
On Apr 18, 2019, A J Fanelli, Director, exercised options/derivative securities for 10,000 shares of Prudential Bancorp (PBIP) and sold 7,054 shares in the company for $122,316 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 2,946 company shares. Fanelli, following the transactions detailed in the Form 4 SEC filing, owns 42,383 shares of company stock, with a market value, based on the prior-day closing price, of $737,464. In addition the company has granted Fanelli stock options of which 20,000 are currently in the money and have an approximate value of $103,400 as of yesterday's closing price.

Over the last 90 days, prior to the date of this filing, there have been 2 transactions reported to the SEC, all of which have been sales and have resulted in the disposition of 1,294 company shares by insiders. In the preceding 90-day window of time, there were 4 transactions from 2 insiders that resulted in the net acquisition of 8,544 shares.

This is lower than the average level of insider transactions in the 34-company Retail & Mortgage Banks peer group over the last 90-day period. Activity in the peer group averaged 55.6 transactions per company, with company insiders acquiring on average 45,508 shares.

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