A large exercise of company stock options by Richard Soloway, President at NAPCO Security Techs (NASDAQ:NSSC) was disclosed in a new SEC filing on February 14, as part of an insider exercise.
What Happened: In an insider options sale disclosed in a Form 4 filing on Wednesday with the U.S. Securities and Exchange Commission, Soloway, President at NAPCO Security Techs, exercised stock options for 38,000 shares of NSSC. The transaction value amounted to $1,221,942.
The Wednesday morning market activity shows NAPCO Security Techs shares down by 0.0%, trading at $43.39. This implies a total value of $1,221,942 for Soloway's 38,000 shares.
Unveiling the Story Behind NAPCO Security Techs
NAPCO Security Technologies Inc manufactures security products, encompassing access control systems, door-locking products, intrusion and fire alarm systems and video surveillance products. Its products are used for various applications which includes alarm systems like automatic communicators, combination control panels/digital communicators and digital keypad systems, fire alarm control panel and area detectors mainly used for commercial, residential, institutional, industrial and governmental uses.
NAPCO Security Techs: A Financial Overview
Revenue Growth: NAPCO Security Techs's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 12.37%. This ...