Introduction

This page provides a comprehensive analysis of the known insider trading history of Santos Bernerd Da. 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 Santos Bernerd Da has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:AES / The AES Corporation EVP and President, Renewables 359,799
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Santos Bernerd Da. 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 Santos Bernerd Da 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
2025-02-26 2025-02-24 4 AES AES CORP
Common Stock 		F - Taxes -1,787 359,799 -0.49 10.72 -19,157 3,857,045
2025-02-26 2025-02-24 4 AES AES CORP
Common Stock 		F - Taxes -2,124 361,586 -0.58 10.72 -22,769 3,876,202
2025-02-24 2025-02-21 4 AES AES CORP
Common Stock 		F - Taxes -4,710 363,710 -1.28 10.59 -49,879 3,851,689
2025-02-24 2025-02-21 4 AES AES CORP
Common Stock 		F - Taxes -16,203 368,420 -4.21 10.59 -171,590 3,901,568
2025-02-24 2025-02-21 4 AES AES CORP
Common Stock 		A - Award 38,625 384,623 11.16
2025-02-24 2025-02-21 4 AES AES CORP
Common Stock 		A - Award 45,326 345,998 15.07
2024-05-21 2024-05-20 4 AES AES CORP
Common Stock 		S - Sale -66,250 300,672 -18.06 21.15 -1,401,188 6,359,213
2024-05-21 2024-05-20 4 AES AES CORP
Common Stock 		M - Exercise 66,250 366,922 22.03 11.89 787,712 4,362,703
2024-02-26 2024-02-24 4 AES AES CORP
Common Stock 		F - Taxes -1,773 300,672 -0.59 16.00 -28,368 4,810,752
2024-02-26 2024-02-24 4 AES AES CORP
Common Stock 		F - Taxes -2,107 302,445 -0.69 16.00 -33,712 4,839,120
2024-02-26 2024-02-22 4 AES AES CORP
Common Stock 		F - Taxes -8,875 304,552 -2.83 16.00 -142,000 4,872,832
2024-02-26 2024-02-22 4 AES AES CORP
Common Stock 		A - Award 20,887 313,427 7.14
2024-02-26 2024-02-22 4 AES AES CORP
Common Stock 		F - Taxes -1,349 292,540 -0.46 16.00 -21,584 4,680,640
2024-02-26 2024-02-22 4 AES AES CORP
Common Stock 		D - Sale to Issuer -136 293,889 -0.05
2024-02-26 2024-02-22 4 AES AES CORP
Common Stock 		A - Award 30,000 294,025 11.36
2023-11-09 2023-11-07 4 AES AES CORP
Common Stock 		P - Purchase 3,000 264,025 1.15 16.36 49,080 4,319,449
2023-02-27 2023-02-24 4 AES AES CORP
Common Stock 		A - Award 12,819 261,025 5.16 25.32 324,577 6,609,153
2023-02-27 2023-02-24 4 AES AES CORP
Common Stock 		F - Taxes -2,291 248,206 -0.91 25.32 -58,008 6,284,576
2023-02-27 2023-02-24 4 AES AES CORP
Common Stock 		F - Taxes -14,637 250,497 -5.52 25.32 -370,609 6,342,584
2023-02-27 2023-02-24 4 AES AES CORP
Common Stock 		A - Award 32,453 265,134 13.95 25.32 821,710 6,713,193
2023-02-22 2023-02-21 4 AES AES CORP
Common Stock 		F - Taxes -1,868 232,681 -0.80 25.57 -47,765 5,949,653
2023-02-22 2023-02-17 4 AES AES CORP
Common Stock 		F - Taxes -1,523 234,549 -0.65 26.23 -39,948 6,152,220
2022-03-07 2022-03-03 4 AES AES CORP
Common Stock 		F - Taxes -18,741 236,072 -7.35 21.46 -402,182 5,066,105
2022-03-07 2022-03-03 4 AES AES CORP
Common Stock 		A - Award 43,170 254,813 20.40
2022-02-28 2022-02-24 4 AES AES CORP
Common Stock 		A - Award 15,237 211,643 7.76
2022-02-24 2022-02-22 4 AES AES CORP
Common Stock 		F - Taxes -3,429 196,406 -1.72 21.01 -72,043 4,126,490
2022-02-22 2022-02-18 4 AES AES CORP
Common Stock 		F - Taxes -1,472 199,835 -0.73 21.26 -31,295 4,248,492
2022-02-22 2022-02-18 4 AES AES CORP
Common Stock 		F - Taxes -1,821 201,307 -0.90 21.26 -38,714 4,279,787
2021-08-12 2021-08-10 4 AES AES CORP
Stock Option (Right to Buy) 		M - Exercise -30,730 0 -100.00
2021-08-12 2021-08-10 4 AES AES CORP
Stock Option (Right to Buy) 		M - Exercise -21,211 0 -100.00
2021-08-12 2021-08-10 4 AES AES CORP
Common Stock 		S - Sale X -51,941 203,128 -20.36 24.33 -1,263,725 4,942,104
2021-08-12 2021-08-10 4 AES AES CORP
Common Stock 		M - Exercise 30,730 255,069 13.70 14.63 449,580 3,731,659
2021-08-12 2021-08-10 4 AES AES CORP
Common Stock 		M - Exercise 21,211 224,339 10.44 11.17 236,927 2,505,867
2021-02-25 2021-02-23 4 AES AES CORP
Common Stock 		F - Taxes -2,467 203,128 -1.20 27.22 -67,152 5,529,144
2021-02-24 2021-02-22 4 AES AES CORP
Common Stock 		F - Taxes -3,561 205,595 -1.70 27.00 -96,147 5,551,065
2021-02-23 2021-02-19 4 AES AES CORP
Common Stock 		F - Taxes -1,836 209,156 -0.87 28.31 -51,977 5,921,206
2021-02-23 2021-02-19 4 AES AES CORP
Common Stock 		F - Taxes -14,888 210,992 -6.59 28.31 -421,479 5,973,184
2021-02-23 2021-02-19 4 AES AES CORP
Common Stock 		A - Award 33,014 225,880 17.12
2021-02-23 2021-02-19 4 AES AES CORP
Common Stock 		A - Award 9,060 192,866 4.93
2020-03-20 2020-03-19 4 AES AES CORP
Common Stock 		P - Purchase 924 183,806 0.51 9.86 9,107 1,811,592
2020-03-20 2020-03-19 4 AES AES CORP
Common Stock 		P - Purchase 576 182,882 0.32 9.86 5,681 1,803,857
2020-03-20 2020-03-19 4 AES AES CORP
Common Stock 		P - Purchase 2,500 182,306 1.39 9.50 23,750 1,731,907
2020-02-25 2020-02-24 4 AES AES CORP
Common Stock 		F - Taxes -13,346 179,806 -6.91 20.25 -270,256 3,641,072
2020-02-25 2020-02-24 4 AES AES CORP
Common Stock 		A - Award 40,090 193,152 26.19
2020-02-25 2020-02-24 4 AES AES CORP
Common Stock 		F - Taxes -2,893 153,062 -1.86 20.25 -58,583 3,099,506
2020-02-25 2020-02-23 4 AES AES CORP
Common Stock 		F - Taxes -1,647 155,955 -1.05 20.75 -34,175 3,236,066
2020-02-25 2020-02-22 4 AES AES CORP
Common Stock 		F - Taxes -2,456 157,602 -1.53 20.75 -50,962 3,270,242
2020-02-25 2020-02-21 4 AES AES CORP
Common Stock 		A - Award 12,145 160,058 8.21
2019-02-26 2019-02-24 4 AES AES CORP
Common Stock 		F - Taxes -1,931 147,913 -1.29 17.53 -33,850 2,592,915
2019-02-26 2019-02-23 4 AES AES CORP
Common Stock 		F - Taxes -1,647 149,844 -1.09 17.53 -28,872 2,626,765
2019-02-26 2019-02-22 4 AES AES CORP
Common Stock 		A - Award 23,694 151,491 18.54
2019-02-26 2019-02-22 4 AES AES CORP
Common Stock 		F - Taxes -11,878 127,797 -8.50 17.53 -208,221 2,240,281
2019-02-26 2019-02-22 4 AES AES CORP
Common Stock 		A - Award 37,837 139,675 37.15
2019-02-21 2019-02-19 4 AES AES CORP
Common Stock 		F - Taxes -2,216 101,838 -2.13 17.18 -38,071 1,749,577
2018-04-25 2018-04-23 4 AES AES CORP
Common Stock 		F - Taxes -6,568 104,054 -5.94 11.86 -77,896 1,234,080
2018-02-27 2018-02-24 4 AES AES CORP
Common Stock 		F - Taxes -1,927 110,622 -1.71 10.49 -20,214 1,160,425
2018-02-27 2018-02-23 4 AES AES CORP
Common Stock 		A - Award 16,408 112,549 17.07 10.49 172,120 1,180,639
2018-02-27 2018-02-23 4 AES AES CORP
Common Stock 		F - Taxes -1,363 96,141 -1.40 10.49 -14,298 1,008,519
2018-02-27 2018-02-23 4 AES AES CORP
Common Stock 		A - Award 4,527 97,504 4.87
2018-02-21 2018-02-20 4 AES AES CORP
Common Stock 		F - Taxes -921 92,977 -0.98 10.40 -9,578 966,961
2018-02-21 2018-02-19 4 AES AES CORP
Common Stock 		F - Taxes -2,288 93,898 -2.38 10.45 -23,910 981,234
2018-02-02 2018-02-01 4 AES AES CORP
Units 		I - Other -3,265 9,790 -25.01 11.51 -37,580 112,683
2017-11-14 2017-11-13 4 AES AES CORP
Common Stock 		P - Purchase 4,700 96,186 5.14 10.60 49,820 1,019,572
2017-04-25 2017-04-23 4 AES AES CORP
Common Stock 		F - Taxes -4,974 91,486 -5.16 11.38 -56,604 1,041,111
2017-02-28 2017-02-24 4 AES AES CORP
Common Stock 		A - Award 19,237 96,460 24.91 11.93 229,497 1,150,768
2017-02-28 2017-02-24 4 AES AES CORP
Common Stock 		F - Taxes -1,619 77,223 -2.05 11.93 -19,315 921,270
2017-02-28 2017-02-24 4 AES AES CORP
Common Stock 		A - Award 4,890 78,842 6.61
2017-02-23 2017-02-21 4 AES AES CORP
Common Stock 		F - Taxes -600 73,952 -0.80 11.78 -7,068 871,155
2017-02-22 2017-02-17 4 AES AES CORP
Common Stock 		F - Taxes -2,482 74,552 -3.22 11.46 -28,444 854,366
2017-02-22 2017-02-17 4 AES AES CORP
Common Stock 		F - Taxes -1,013 77,034 -1.30 11.46 -11,609 882,810
2016-02-23 2016-02-19 4 AES AES CORP
Units 		A - Award 1,791 13,055 15.90 9.41 16,853 122,848
2016-02-23 2016-02-19 4 AES AES CORP
Common Stock 		A - Award 19,384 78,047 33.04
2016-02-23 2016-02-19 4 AES AES CORP
Common Stock 		F - Taxes -1,110 58,663 -1.86 9.41 -10,445 552,019
2016-02-23 2016-02-19 4 AES AES CORP
Common Stock 		F - Taxes -716 59,773 -1.18 9.41 -6,738 562,464
2016-02-23 2016-02-19 4 AES AES CORP
Common Stock 		F - Taxes -1,351 60,489 -2.18 9.41 -12,713 569,201
2016-02-23 2016-02-19 4 AES AES CORP
Common Stock 		A - Award 4,195 61,840 7.28
2016-02-17 2016-02-15 4 AES AES CORP
Common Stock 		F - Taxes -498 57,645 -0.86 9.17 -4,567 528,605
2015-11-13 2015-11-11 4 AES AES CORP
Common Stock 		P - Purchase 5,000 58,143 9.41 10.13 50,650 588,989
2015-04-27 2015-04-23 4 AES AES CORP
Common Stock 		A - Award 30,053 53,143 130.16
2015-02-24 2015-02-24 4 AES AES CORP
Common Stock 		F - Taxes -966 23,090 -4.02 11.64 -11,244 268,768
2015-02-24 2015-02-23 4 AES AES CORP
Common Stock 		F - Taxes -498 24,056 -2.03 11.86 -5,906 285,304
2015-02-24 2015-02-21 4 AES AES CORP
Common Stock 		F - Taxes -684 24,554 -2.71 11.89 -8,133 291,947
2015-02-24 2015-02-20 4 AES AES CORP
Units 		A - Award 2,151 11,264 23.60 11.89 25,575 133,929
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 25,238 54.62
2015-01-09 3 AES AES CORP
Common Stock 		51,833
2015-01-09 3 AES AES CORP
Common Stock 		54,697
2015-01-09 3 AES AES CORP
Common Stock 		51,833
2015-01-09 3 AES AES CORP
Common Stock 		54,697
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)