Introduction

This page provides a comprehensive analysis of the known insider trading history of Michael Chilton. 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

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate Michael Chilton has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:AES / The AES Corporation Sr. VP Global Engr & Const 59,995
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Michael Chilton. 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 Trading History

This table shows the complete list of insider trades made by Michael Chilton 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
2017-02-23 2017-02-21 4 AES AES CORP
Common Stock 		F - Taxes -1,220 59,995 -1.99 11.78 -14,372 706,741
2017-02-22 2017-02-17 4 AES AES CORP
Common Stock 		F - Taxes -2,027 61,215 -3.21 11.46 -23,229 701,524
2017-02-22 2017-02-17 4 AES AES CORP
Common Stock 		F - Taxes -1,103 63,242 -1.71 11.46 -12,640 724,753
2017-02-03 2017-02-01 4 AES AES CORP
Units 		I - Other -446 8,012 -5.27 11.24 -5,013 90,055
2016-12-14 2016-12-12 4 AES AES CORP
Common Stock 		F - Taxes -3,114 64,345 -4.62 12.01 -37,399 772,783
2016-02-23 2016-02-19 4 AES AES CORP
Units 		A - Award 1,679 8,458 24.77 9.41 15,799 79,590
2016-02-23 2016-02-19 4 AES AES CORP
Common Stock 		A - Award 15,834 67,459 30.67
2016-02-23 2016-02-19 4 AES AES CORP
Common Stock 		F - Taxes -957 51,625 -1.82 9.41 -9,005 485,791
2016-02-23 2016-02-19 4 AES AES CORP
Common Stock 		F - Taxes -1,380 52,582 -2.56 9.41 -12,986 494,797
2016-02-17 2016-02-15 4 AES AES CORP
Common Stock 		F - Taxes -1,129 53,962 -2.05 9.17 -10,353 494,832
2015-12-14 2015-12-11 4 AES AES CORP
Common Stock 		F - Taxes -3,114 55,091 -5.35 8.97 -27,933 494,166
2015-11-12 2015-11-10 4 AES AES CORP
Units 		I - Other 3,515 6,778 107.72 10.07 35,396 68,254
2015-11-12 2015-11-10 4 AES AES CORP
Common Stock 		I - Other 8,458 13,886 155.82 10.05 85,003 139,554
2015-02-24 2015-02-24 4 AES AES CORP
Common Stock 		F - Taxes -775 58,205 -1.31 11.64 -9,021 677,506
2015-02-24 2015-02-23 4 AES AES CORP
Common Stock 		F - Taxes -1,129 58,980 -1.88 11.86 -13,390 699,503
2015-02-24 2015-02-21 4 AES AES CORP
Common Stock 		F - Taxes -1,256 60,109 -2.05 11.89 -14,934 714,696
2015-02-24 2015-02-20 4 AES AES CORP
Units 		A - Award 1,578 3,264 93.59 11.89 18,762 38,809
2015-02-24 2015-02-20 4 AES AES CORP
Stock Option (Right to Buy) 		A - Award 66,250 66,250
2015-02-24 2015-02-20 4 AES AES CORP
Common Stock 		A - Award 8,915 61,365 17.00
2015-01-09 3 AES AES CORP
Common Stock 		108,660
2015-01-09 3 AES AES CORP
Common Stock 		56,312
2015-01-09 3 AES AES CORP
Common Stock 		59,868
2015-01-09 3 AES AES CORP
Common Stock 		108,660
2015-01-09 3 AES AES CORP
Common Stock 		56,312
2015-01-09 3 AES AES CORP
Common Stock 		59,868
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)