PGIM Global High Yield Fund, Inc
US ˙ NYSE ˙ US69346J1060

Introduction

This page provides a comprehensive analysis of the known insider trading history of Scott E Benjamin. 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

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

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Companies with Reported Insider Positions

The SEC filings indicate Scott E Benjamin has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:GHY / PGIM Global High Yield Fund, Inc Director 0
US:ISD / PGIM High Yield Bond Fund, Inc. Director 10,350
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Scott E Benjamin. 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 GHY / PGIM Global High Yield Fund, Inc - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in GHY / PGIM Global High Yield Fund, Inc. 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 (%)
2020-03-30 GHY Benjamin Scott E 1,160 12,985.7700 1,160 12,985.7700 15,063,493 365 14.98 -15,046,116 -99.88
2020-03-30 GHY Benjamin Scott E 6,340 70,942.2800 6,340 70,942.2800 449,774,055
2014-08-05 GHY Benjamin Scott E 1,000 16.7955 1,000 16.7955 16,796
2014-03-14 GHY Benjamin Scott E 1,500 17.6852 1,500 17.6852 26,528
2013-06-20 GHY Benjamin Scott E 200 16.9890 200 16.9890 3,398
2013-06-20 GHY Benjamin Scott E 200 16.9865 200 16.9865 3,397
2013-06-20 GHY Benjamin Scott E 200 16.9890 200 16.9890 3,398
2013-06-20 GHY Benjamin Scott E 400 16.9865 400 16.9865 6,795
2013-05-23 GHY Benjamin Scott E 2,000 18.2288 2,000 18.2288 36,458
2013-03-19 GHY Benjamin Scott E 1,000 18.7065 1,000 18.7065 18,706
2013-02-22 GHY Benjamin Scott E 1,000 19.0784 1,000 19.0784 19,078

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

GHY / PGIM Global High Yield Fund, Inc Insider Trades
Insider Sales GHY / PGIM Global High Yield Fund, Inc - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in GHY / PGIM Global High Yield Fund, Inc. 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.

GHY / PGIM Global High Yield Fund, Inc Insider Trades
Insider Purchases ISD / PGIM High Yield Bond Fund, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in GHY / PGIM Global High Yield Fund, Inc. 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 (%)
2020-03-30 ISD Benjamin Scott E 4,064 11.6500 4,064 11.6500 47,346 337 15.7100 16,500 34.85
2020-03-30 ISD Benjamin Scott E 1,200 11.6100 1,200 11.6100 13,932
2020-03-30 ISD Benjamin Scott E 1,200 11.5900 1,200 11.5900 13,908
2020-03-30 ISD Benjamin Scott E 994 11.5600 994 11.5600 11,491
2020-03-30 ISD Benjamin Scott E 1,600 11.5500 1,600 11.5500 18,480
2020-03-30 ISD Benjamin Scott E 200 11.4850 200 11.4850 2,297
2020-03-30 ISD Benjamin Scott E 400 11.5300 400 11.5300 4,612
2020-03-30 ISD Benjamin Scott E 46 11.5200 46 11.5200 530
2020-03-30 ISD Benjamin Scott E 296 11.5100 296 11.5100 3,407
2013-01-02 ISD Benjamin Scott E 350 19.0000 350 19.0000 6,650

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

ISD / PGIM High Yield Bond Fund, Inc. Insider Trades
Insider Sales ISD / PGIM High Yield Bond Fund, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in GHY / PGIM Global High Yield Fund, Inc. 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.

ISD / PGIM High Yield Bond Fund, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Scott E Benjamin as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2020-04-01 2020-03-30 4 GHY PGIM Global High Yield Fund, Inc.
PGIM Global High Yield Fund, Inc. 		P - Purchase -6,340 0 -100.00 70,942.28 -449,774,055
2020-04-01 2020-03-30 4 GHY PGIM Global High Yield Fund, Inc.
PGIM Global High Yield Fund, Inc. 		P - Purchase -1,160 6,340 -15.47 12,985.77 -15,063,493 82,329,782
2020-04-01 2020-03-30 4 ISD PGIM High Yield Bond Fund, Inc.
PGIM High Yield Bond Fund, Inc. 		P - Purchase 296 10,350 2.94 11.51 3,407 119,128
2020-04-01 2020-03-30 4 ISD PGIM High Yield Bond Fund, Inc.
PGIM High Yield Bond Fund, Inc. 		P - Purchase 46 10,054 0.46 11.52 530 115,822
2020-04-01 2020-03-30 4 ISD PGIM High Yield Bond Fund, Inc.
PGIM High Yield Bond Fund, Inc. 		P - Purchase 400 10,008 4.16 11.53 4,612 115,392
2020-04-01 2020-03-30 4 ISD PGIM High Yield Bond Fund, Inc.
PGIM High Yield Bond Fund, Inc. 		P - Purchase 200 9,608 2.13 11.48 2,297 110,348
2020-04-01 2020-03-30 4 ISD PGIM High Yield Bond Fund, Inc.
PGIM High Yield Bond Fund, Inc. 		P - Purchase 1,600 9,408 20.49 11.55 18,480 108,662
2020-04-01 2020-03-30 4 ISD PGIM High Yield Bond Fund, Inc.
PGIM High Yield Bond Fund, Inc. 		P - Purchase 994 7,808 14.59 11.56 11,491 90,260
2020-04-01 2020-03-30 4 ISD PGIM High Yield Bond Fund, Inc.
PGIM High Yield Bond Fund,Inc 		P - Purchase 1,200 6,814 21.38 11.59 13,908 78,974
2020-04-01 2020-03-30 4 ISD PGIM High Yield Bond Fund, Inc.
PGIM High Yield Bond Fund, Inc. 		P - Purchase 1,200 5,614 27.19 11.61 13,932 65,179
2020-04-01 2020-03-30 4 ISD PGIM High Yield Bond Fund, Inc.
PGIM High Yield Bond Fund, Inc. 		P - Purchase 4,064 4,414 1,161.14 11.65 47,346 51,423
2014-08-05 2014-08-05 4 GHY Prudential Global Short Duration High Yield Fund, Inc.
Prudential Global Short Duration High Yield Fund 		P - Purchase 1,000 7,500 15.38 16.80 16,796 125,966
2014-03-14 2014-03-14 4 GHY Prudential Global Short Duration High Yield Fund, Inc.
The Prudential Global Short Duration High Yield Fund, Inc. 		P - Purchase 1,500 6,500 30.00 17.69 26,528 114,954
2013-06-20 2013-06-20 4 GHY Prudential Global Short Duration High Yield Fund, Inc.
Prudential Global Short Duration High Yield Fund, Inc. 		P - Purchase 400 5,000 8.70 16.99 6,795 84,932
2013-06-20 2013-06-20 4 GHY Prudential Global Short Duration High Yield Fund, Inc.
Prudential Global Short Duration High Yield Fund, Inc. 		P - Purchase 200 4,600 4.55 16.99 3,398 78,149
2013-06-20 2013-06-20 4 GHY Prudential Global Short Duration High Yield Fund, Inc.
Prudential Global Short Duration High Yield Fund, Inc. 		P - Purchase 200 4,600 4.55 16.99 3,398 78,149
2013-06-20 2013-06-20 4 GHY Prudential Global Short Duration High Yield Fund, Inc.
Prudential Global Short Duration High Yield Fund, Inc. 		P - Purchase 200 4,400 4.76 16.99 3,397 74,741
2013-05-23 2013-05-23 4 GHY Prudential Global Short Duration High Yield Fund, Inc.
Prudential Global Short Duration High Yield Fund, Inc. 		P - Purchase 2,000 4,000 100.00 18.23 36,458 72,915
2013-03-19 2013-03-19 4 GHY Prudential Global Short Duration High Yield Fund, Inc.
Prudential Global Short Duration High Yield Fund, Inc. 		P - Purchase 1,000 2,000 100.00 18.71 18,706 37,413
2013-02-22 2013-02-22 4 GHY Prudential Global Short Duration High Yield Fund, Inc.
Prudential Global Short Duration High Yield Fund, Inc. 		P - Purchase 1,000 1,000 19.08 19,078 19,078
2013-01-03 2013-01-02 4 ISD Prudential Short Duration High Yield Fund, Inc.
Prudential Short Duration High Yield Fund, Inc. 		P - Purchase 350 350 19.00 6,650 6,650
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)