Form 4 insider trading reports reported to the SEC during the week of March 11 to March 17, 2017 revealed 3,592 filings. This activity came from 3,255 insiders representing 1,072 companies. Most of the transactions occurred in the following transaction codes: 14,270,793 discretionary share purchases; 684,951,845 discretionary share sales; 8,572,686 shares in discretionary tax sales; 42,715,397 shares granted as part of awards transactions; and 299,001,564 shares involved in options and derivative security transactions.
The total value of these transactions was approximately $26,177,438,761 and reflected activity involving approximately 920,361,669 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 223,760,967 shares. Shares disposed were approximately 829,391,149 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.
Transactions by Market Value
Of the individual transactions reported 1,720 were less than $100,000 in market value. Transactions over $100,000 in market value numbered 1,455 and within this insider activity were 417 transactions which individually represented over $1 million in market value. There were 236 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 382 individual insiders with transactions that were greater than $1 million.
Notable Industry Groups
The industry groups seeing the most shares acquired were Gyms, Fitness and Spa Centers and Medical Devices & Implants. Within these groups insiders acquired 74,727,726 shares and 13,928,126 shares respectively. The largest dispositions by insiders occurred in the Hotels, Motels & Cruise Lines industry group where insiders disposed of 322,493,031 shares followed by the Hospitality REITs industry group where insiders disposed of 161,707,036 shares.
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