Brian M Baldwin - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Brian M Baldwin. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

Companies with Reported Insider Positions

The SEC filings indicate Brian M Baldwin has reported holdings or trades in the following companies:

How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Brian M Baldwin. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases JHG / Janus Henderson Group plc - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in JHG / Janus Henderson Group plc. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Max	Price at Max	Max Profit ($)	Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Sales JHG / Janus Henderson Group plc - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in JHG / Janus Henderson Group plc. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Min	Price at Min	Max Loss Avoided ($)	Max Loss Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Purchases NVT / nVent Electric plc - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in JHG / Janus Henderson Group plc. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Max	Price at Max	Max Profit ($)	Max Return (%)
2018-05-31	NVT	Baldwin Brian M	365,000	26.9628	365,000	26.9628	9,841,422	113	29.4200	896,878	9.11
2018-05-30	NVT	Baldwin Brian M	140,425	26.3851	140,425	26.3851	3,705,128
2018-05-29	NVT	Baldwin Brian M	193,573	26.4399	193,573	26.4399	5,118,051
2018-05-18	NVT	Baldwin Brian M	358,050	25.1527	358,050	25.1527	9,005,924
2018-05-17	NVT	Baldwin Brian M	212,519	24.9179	212,519	24.9179	5,295,527
2018-05-16	NVT	Baldwin Brian M	253,334	24.9490	253,334	24.9490	6,320,430
2018-05-11	NVT	Baldwin Brian M	7,500	25.6245	7,500	25.6245	192,184
2018-05-10	NVT	Baldwin Brian M	361,793	24.8744	361,793	24.8744	8,999,384

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Sales NVT / nVent Electric plc - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in JHG / Janus Henderson Group plc. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Min	Price at Min	Max Loss Avoided ($)	Max Loss Avoided (%)
2019-05-16	NVT	Baldwin Brian M	3,000,000	24.5250	3,000,000	24.5250	73,575,000	307	12.5100	-36,045,000	-48.99
2019-05-09	NVT	Baldwin Brian M	364,801	26.0240	364,801	26.0240	9,493,581
2019-05-08	NVT	Baldwin Brian M	2,100	26.5205	2,100	26.5205	55,693
2019-05-01	NVT	Baldwin Brian M	220,769	28.0092	220,769	28.0092	6,183,563
2019-04-30	NVT	Baldwin Brian M	374,886	28.0050	374,886	28.0050	10,498,682
2019-04-29	NVT	Baldwin Brian M	53,230	28.0169	53,230	28.0169	1,491,340

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Trading History

This table shows the complete list of insider trades made by Brian M Baldwin as disclosed to the Securities Exchange Commission (SEC).