Rayonier Advanced Materials Inc.
US ˙ NYSE ˙ US75508B1044

Introduction

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

Companies with Reported Insider Positions

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

Security Title Latest Reported Holdings
US:REG / Regency Centers Corporation Senior VP and General Counsel 16,949
US:RYAM / Rayonier Advanced Materials Inc. SVP, Gen Counsel & Corp Sec 237,438
US:RYN / Rayonier Inc. SVP, Gen Counsel & Asst Sec 0
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 R Herman. 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 RYAM / Rayonier Advanced Materials Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in RYAM / Rayonier Advanced Materials 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 (%)
2018-06-14 RYAM HERMAN MICHAEL R 2,900 17.1167 2,900 17.1167 49,638 91 21.67 13,205 26.60

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

RYAM / Rayonier Advanced Materials Inc. Insider Trades
Insider Sales RYAM / Rayonier Advanced Materials Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in RYAM / Rayonier Advanced Materials 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.

RYAM / Rayonier Advanced Materials Inc. Insider Trades
Insider Purchases RYN / Rayonier Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in RYAM / Rayonier Advanced Materials 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 (%)
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.

RYN / Rayonier Inc. Insider Trades
Insider Sales RYN / Rayonier Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in RYAM / Rayonier Advanced Materials 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 (%)
2011-01-27 RYN HERMAN MICHAEL R 1,230 59.9600 1,230 59.9600 73,751 193 26.6165 -41,012 -55.61
2011-01-27 RYN HERMAN MICHAEL R 15,000 59.7960 15,000 59.7960 896,940

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

RYN / Rayonier Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Michael R Herman 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
2025-02-13 2025-02-12 4 REG REGENCY CENTERS CORP
Common Stock
F - Taxes -1,928 16,949 -10.21 70.89 -136,676 1,201,515
2025-02-13 2025-02-12 4 REG REGENCY CENTERS CORP
Common Stock
M - Exercise 5,867 18,877 45.10
2024-08-19 2024-08-16 4 REG REGENCY CENTERS CORP
Common Stock
S - Sale -1,000 13,010 -7.14 69.57 -69,569 905,094
2024-04-09 2024-04-06 4 REG REGENCY CENTERS CORP
Common Stock
F - Taxes -664 14,010 -4.53 58.80 -39,043 823,788
2024-04-09 2024-04-06 4 REG REGENCY CENTERS CORP
Common Stock
M - Exercise 1,689 14,674 13.01
2024-02-20 2024-02-15 4 REG REGENCY CENTERS CORP
Common Stock
F - Taxes -1,161 12,985 -8.21 63.42 -73,631 823,509
2024-02-20 2024-02-15 4 REG REGENCY CENTERS CORP
Common Stock
M - Exercise 3,622 14,146 34.42
2023-02-09 2023-02-07 4 REG REGENCY CENTERS CORP
Common Stock
F - Taxes -465 4,894 -8.68 66.78 -31,053 326,821
2023-02-09 2023-02-07 4 REG REGENCY CENTERS CORP
Common Stock
M - Exercise 2,250 5,359 72.37
2022-04-08 2022-04-06 4 REG REGENCY CENTERS CORP
Restricted Stock
M - Exercise 1,550 3,101 99.94
2022-04-08 2022-04-06 4 REG REGENCY CENTERS CORP
Common Stock
F - Taxes -377 3,109 -10.81 70.64 -26,631 219,620
2022-04-08 2022-04-06 4 REG REGENCY CENTERS CORP
Common Stock
M - Exercise 1,550 3,486 80.06
2022-03-08 2022-03-07 4 REG REGENCY CENTERS CORP
Restricted Stock Grant
A - Award 5,162 5,162
2022-02-07 2022-02-04 4 REG REGENCY CENTERS CORP
Restricted Stock
M - Exercise -870 2,610 -25.00
2022-02-07 2022-02-04 4 REG REGENCY CENTERS CORP
Common Stock
F - Taxes -67 1,936 -3.34 71.58 -4,796 138,579
2022-02-07 2022-02-04 4 REG REGENCY CENTERS CORP
Common Stock
M - Exercise 870 2,003 76.79
2021-04-08 2021-04-06 4 REG REGENCY CENTERS CORP
Restricted Stock
M - Exercise 1,497 4,492 49.98
2021-04-08 2021-04-06 4 REG REGENCY CENTERS CORP
Common Stock
F - Taxes -364 1,133 -24.32 57.28 -20,850 64,898
2021-04-08 2021-04-06 4 REG REGENCY CENTERS CORP
Common Stock
M - Exercise 1,497 1,497
2021-03-12 2021-03-11 4 REG REGENCY CENTERS CORP
Restricted Stock Grant
A - Award 3,356 3,356
2020-04-08 2020-04-06 4 REG REGENCY CENTERS CORP
Restricted Stock Grant
A - Award 5,690 0 -100.00
2020-04-08 3 REG REGENCY CENTERS CORP
Common Stock
7,800
2020-04-08 3 REG REGENCY CENTERS CORP
Common Stock
7,800
2020-04-08 3 REG REGENCY CENTERS CORP
Common Stock
7,800
2020-03-03 2020-03-01 4 RYAM RAYONIER ADVANCED MATERIALS INC.
Common Stock
F - Taxes -15,489 237,438 -6.12 2.45 -37,948 581,724
2020-03-03 2020-03-01 4 RYAM RAYONIER ADVANCED MATERIALS INC.
Common Stock
A - Award 28,667 252,927 12.78
2019-12-13 2019-03-01 4/A RYAM RAYONIER ADVANCED MATERIALS INC.
Common Stock
F - Taxes -81,713 216,515 -27.40 14.10 -1,152,153 3,052,865
2019-08-19 2019-08-15 4 RYAM RAYONIER ADVANCED MATERIALS INC.
8.00% Series A Mandatory Convertible Preferred Stock
C - Conversion -1,000 0 -100.00
2019-08-19 2019-08-15 4 RYAM RAYONIER ADVANCED MATERIALS INC.
Common Stock
C - Conversion 7,745 234,769 3.41
2019-03-05 2019-03-01 4 RYAM RAYONIER ADVANCED MATERIALS INC.
Restricted Stock Units
A - Award 12,287 12,287
2019-03-05 2019-03-01 4 RYAM RAYONIER ADVANCED MATERIALS INC.
Common Stock
F - Taxes -71,204 227,024 -23.88 14.10 -1,003,976 3,201,042
2019-03-05 2019-03-01 4 RYAM RAYONIER ADVANCED MATERIALS INC.
Common Stock
A - Award 177,279 298,228 146.57
2019-01-03 2019-01-02 4 RYAM RAYONIER ADVANCED MATERIALS INC.
Common Stock
F - Taxes -2,965 120,949 -2.39 10.83 -32,111 1,309,880
2018-06-21 2018-06-14 4/A RYAM RAYONIER ADVANCED MATERIALS INC.
Common Stock
P - Purchase 2,900 123,914 2.40 17.12 49,638 2,121,003
2018-06-18 2018-06-14 4 RYAM RAYONIER ADVANCED MATERIALS INC.
Common Stock
P - Purchase 2,900 123,914 2.40 17.12 49,638 2,121,003
2018-03-09 2018-03-06 4/A RYAM RAYONIER ADVANCED MATERIALS INC.
Restricted Stock Units
A - Award 8,093 8,093
2018-03-08 2018-03-06 4 RYAM RAYONIER ADVANCED MATERIALS INC.
Restricted Stock Units
A - Award 7,357 7,357
2018-03-05 2018-03-01 4 RYAM RAYONIER ADVANCED MATERIALS INC.
Common Stock
F - Taxes -11,854 121,014 -8.92 19.49 -231,034 2,358,568
2018-03-05 2018-03-01 4 RYAM RAYONIER ADVANCED MATERIALS INC.
Common Stock
A - Award 32,609 132,868 32.52
2018-01-04 2018-01-02 4 RYAM RAYONIER ADVANCED MATERIALS INC.
Common Stock
F - Taxes -2,856 100,259 -2.77 20.34 -58,091 2,039,273
2017-03-03 2017-03-01 4 RYAM RAYONIER ADVANCED MATERIALS INC.
Common Stock
A - Award 16,381 103,115 18.89
2016-08-11 2016-08-10 4 RYAM RAYONIER ADVANCED MATERIALS INC.
8.00% Series A Mandatory Convertible Preferred Stock
P - Purchase 1,000 1,000 98.50 98,500 98,500
2016-06-29 2016-06-27 4 RYAM RAYONIER ADVANCED MATERIALS INC.
Common Stock
F - Taxes -3,729 86,268 -4.14 11.98 -44,673 1,033,491
2016-03-03 2016-03-01 4 RYAM RAYONIER ADVANCED MATERIALS INC.
Common Stock
A - Award 30,390 120,063 33.89
2015-01-06 2015-01-02 4 RYAM RAYONIER ADVANCED MATERIALS INC.
Common Stock
A - Award 9,317 89,673 11.59
2015-01-06 2015-01-02 4 RYAM RAYONIER ADVANCED MATERIALS INC.
Common Stock
A - Award 10,000 80,356 14.21
2014-08-28 2014-08-27 4 RYAM RAYONIER ADVANCED MATERIALS INC.
Common Stock
I - Other -358 366 -49.43 32.96 -11,793 12,064
2014-07-17 2014-07-15 4 RYAM RAYONIER ADVANCED MATERIALS INC.
Common Stock
A - Award 13,631 70,356 24.03
2014-02-05 2014-02-04 4 RYN RAYONIER INC
Employee Stock Option
M - Exercise -33,945 0 -100.00
2014-02-05 2014-02-04 4 RYN RAYONIER INC
Common Shares
F - Taxes -21,500 170,178 -11.22 43.36 -932,289 7,379,298
2014-02-05 2014-02-04 4 RYN RAYONIER INC
Common Shares
M - Exercise 33,945 191,678 21.52 20.18 685,010 3,868,057
2014-01-16 2014-01-14 4 RYN RAYONIER INC
Common Shares
F - Taxes -2,594 157,733 -1.62 41.55 -107,781 6,553,795
2014-01-16 2014-01-14 4 RYN RAYONIER INC
Common Shares
A - Award 9,072 160,327 6.00
2014-01-06 2014-01-02 4 RYN RAYONIER INC
Employee Stock Option
A - Award 13,260 13,260
2013-05-24 3 RYN RAYONIER INC
Common Shares
151,255
2013-05-24 3 RYN RAYONIER INC
Common Shares
1,681
2011-01-31 2011-01-27 4 RYN RAYONIER INC
Employee Stock Option
M - Exercise -15,000 0 -100.00
2011-01-31 2011-01-27 4 RYN RAYONIER INC
Common Shares
S - Sale -15,000 70,529 -17.54 59.80 -896,940 4,217,352
2011-01-31 2011-01-27 4 RYN RAYONIER INC
Common Shares
S - Sale -1,230 85,529 -1.42 59.96 -73,751 5,128,319
2011-01-31 2011-01-27 4 RYN RAYONIER INC
Common Shares
M - Exercise 15,000 86,759 20.90 32.27 484,000 2,799,427
2008-10-27 2008-10-23 4 RYN RAYONIER INC
Common Shares
I - Other 363 1,700 27.15 30.65 11,129 52,116
2006-01-09 2006-01-06 4 RYN RAYONIER INC
Employee Stock Option
A - Award 12,600 12,600
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)