During the week of February 25 to March 3, 2017 insiders filed 7,598 Form 4 reports with the SEC. This activity came from 6,526 insiders representing 1,492 companies. Most of this reported activity involved the following reporting categories: 24,270,593 discretionary share purchases; 141,152,213 discretionary share sales; 26,956,224 shares in discretionary tax sales; 189,277,979 shares granted as part of awards transactions; and 479,603,879 shares involved in options and derivative security transactions.
The total value of these transactions was approximately $1,276,833,334,395 and reflected activity involving approximately 966,336,249 shares. Shares acquired as a part of these aforementioned transactions, where “acquisition” is defined as retaining shares received from an award or through conversions, net of tax sales, and discretionary purchases, were approximately 567,890,091 shares. Shares disposed were approximately 543,194,026 and included shares awarded and then sold as part of a single filing, and like transactions for options and derivative securities and non-tax related discretionary sales. Of the individual transactions reported 3,945 were less than $100,000 in market value.
Transactions by Market Value
Transactions over $100,000 in market value numbered 2,986 while, individual transactions totaling over $1 million in market value occurred in 667 of these filings. Companies with aggregate market value transactions of over $1 million numbered 390, and within these companies there were 630 individual insiders surpassing the high value threshold.
Notable Industry Groups
The industry groups seeing the most shares acquired were Oil & Gas Transportation Services and Hospitality REITs. Within these groups insiders acquired 146,885,911 shares and 120,191,040 shares respectively. The largest dispositions by insiders occurred in the Commercial REITs industry group where insiders disposed of 152,066,081 shares followed by the Application Software industry group where insiders disposed of 35,938,593 shares.
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.