Insiders filed 971 Form 4 reports with the SEC today. There were 963 insiders reflected in these filings, representing activity in 331 companies. Within this insider activity were 103 transactions which individually represented over $1 million in market value. There were 29 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 61 individual insiders with transactions that were greater than $1 million.
Activity within the Russell 3000 index was centered around 290 companies with 887 individuals reporting insider trades. This activity was substantially below the average for the 30 days and very much beneath that of past 5 days. This activity included high value transactions representing $217,194,502 in market value, involved 31 individual filers from 26 companies, and came from discretionary purchases of 400,000 shares and discretionary sales of 5,428,970 shares.
Among the most significant insider transactions for the day:
Insider Selling in Charles Schwab (SCHW) Shares Continues
One insider — Charles R Schwab, 10% Owner, Director and Officer — today, disposed of 738,000 shares of Charles Schwab having a market value of approximately $30,683,539, as indicated in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 26,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 764,000 shares and have averaged 254,667 shares per transaction over this time period.
The level of buy-sell trades at Charles Schwab is close to that of the 13 member peer company average. The Investment Banking & Brokerage Services peer group saw 34 buy/sell trades during this period for an average of 2.6 transactions per company. However, trading at Charles Schwab represents a lower number of shares per transaction. Within the peer group there were 10,000 shares purchased and 57,418,192 shares sold with company insiders having sold 1,688,476 shares on average over this time period. The data used in composing 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.
Another 26 companies had significant insider transactions based on UpTick Data Technologies’ analysis. Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends. For more information, contact UpTick at email@example.com.
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