Co-Founder of Well-Known Creative Software Maker Offloads Shares, Retired CEO of Industrial-Product Maker Sells Shares, Plus Other Insider Trading

Executive at Multifamily REIT Sells Shares Despite Stock Underperformance

One member of UDR Inc. (NYSE:UDR)’s executive team discarded shares earlier this week. Warren L. Troupe, Senior Executive Vice President, liquidated 15,000 shares on Tuesday at prices varying from $36.00 to $36.69 per share, a sale that trimmed his ownership to 538,422 shares.

UDR Inc. (NYSE:UDR) operates as a self-administered real estate investment trust that owns, acquires, renovates, develops, and manages apartment communities. At the end of September, the REIT’s real estate portfolio included 132 communities located in 10 states and the District of Columbia with a total of 40,728 apartment homes. The multifamily REIT’s boardroom recently approved a cash dividend of $0.295 per share for the fourth quarter, which yields 3.24% annually. The shares of UDR are down a little less than 1% for the past 12 months. David Harding’s Winton Capital Management reported ownership of 212,390 shares of UDR Inc. (NYSE:UDR) in its 13F for the September quarter.

Executive at Heico Discards Massive Amount of Shares

One executive at Heico Corp (NYSE:HEI) also discarded a large amount of shares this week. Thomas S. Irwin, Senior Executive Vice President, liquidated 10,682 Class A shares on Tuesday and 14,318 Class A shares on Wednesday at a weighted average price of $67.87 per share, cutting his ownership of Class A shares to 56,888 shares. Mr. Irwin also offloaded 17,878 units of common stock on Tuesday and 7,122 units on Wednesday at an average price of $78.21 per unit, trimming his holding to 23,739 units. Heico has two classes of common stock, with the two classes being virtually the same, save for voting rights: Heico Class A common stock carries one-tenth of a vote and Heico common stock carries one vote.

Heico Corp (NYSE:HEI), whose business operations involve designing, manufacturing and distributing niche aviation, defense, space, medical, telecommunication and electronics products, has seen its market cap rise by 39% in the past year. The company’s net sales for fiscal year that ended October 31 totaled $1.38 billion, up 16% year-over-year. Furthermore, Heico’s management anticipates full-year net sales to grow in the range of 5% to 7% for the current fiscal year. Ken Fisher’s Fisher Asset Management owned 1.02 million common shares of Heico Corp (NYSE:HEI) at the end of September.

Disclosure: None