Cedar Realty Trust, Inc. - Preferred Stock
US ˙ NYSE ˙ US1506025063

Introduction

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

Security Title Latest Reported Holdings
US:CTO / CTO Realty Growth, Inc. SVP, CFO & Treasurer 13,841
US:CDR / Cedar Realty Trust Inc SEVP, CFO and Treasurer 119,549
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Philip Mays. 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 CDR.PRC / Cedar Realty Trust, Inc. - Preferred Stock - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in CDR.PRC / Cedar Realty Trust, Inc. - Preferred Stock. 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.

CDR.PRC / Cedar Realty Trust, Inc. - Preferred Stock Insider Trades
Insider Sales CDR.PRC / Cedar Realty Trust, Inc. - Preferred Stock - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in CDR.PRC / Cedar Realty Trust, Inc. - Preferred Stock. 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 (%)
2021-06-22 CDR Mays Philip 3,500 15.3004 3,500 15.3004 53,551 0 15.33 104 0.19
2019-09-26 CDR Mays Philip 25,000 3.0147 3,788 19.8970 75,368
2018-08-07 CDR Mays Philip 25,000 4.5637 3,788 30.1204 114,092
2016-09-12 CDR Mays Philip 25,000 7.5003 3,788 49.5020 187,508

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

CDR.PRC / Cedar Realty Trust, Inc. - Preferred Stock Insider Trades
Insider Purchases CTO.PRA / CTO Realty Growth, Inc. - Preferred Stock - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in CDR.PRC / Cedar Realty Trust, Inc. - Preferred Stock. 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 (%)
2025-06-26 CTO Mays Philip 1,000 17.2900 1,000 17.2900 17,290 18 17.7500 460 2.66

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

CTO.PRA / CTO Realty Growth, Inc. - Preferred Stock Insider Trades
Insider Sales CTO.PRA / CTO Realty Growth, Inc. - Preferred Stock - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in CDR.PRC / Cedar Realty Trust, Inc. - Preferred Stock. 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.

CTO.PRA / CTO Realty Growth, Inc. - Preferred Stock Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Philip Mays 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
2025-06-26 2025-06-26 4 CTO CTO Realty Growth, Inc.
Common Stock 		P - Purchase 1,000 13,841 7.79 17.29 17,290 239,311
2025-02-13 2025-02-12 4 CTO CTO Realty Growth, Inc.
Common Stock 		A - Award 12,841 12,841
2021-06-24 2021-06-22 4 CDR CEDAR REALTY TRUST, INC.
Common Stock 		S - Sale -3,500 119,549 -2.84 15.30 -53,551 1,829,148
2021-02-04 2021-02-02 4 CDR CEDAR REALTY TRUST, INC.
Common Stock 		A - Award 18,901 123,049 18.15
2020-02-06 2020-02-04 4 CDR CEDAR REALTY TRUST, INC.
Common Stock 		A - Award 78,358 687,382 12.87
2019-09-27 2019-09-26 4 CDR CEDAR REALTY TRUST, INC.
Common Stock 		S - Sale -25,000 609,024 -3.94 3.01 -75,368 1,836,025
2019-02-07 2019-02-05 4 CDR CEDAR REALTY TRUST, INC.
Common Stock 		A - Award 60,000 634,024 10.45
2019-01-03 2019-01-02 4 CDR CEDAR REALTY TRUST, INC.
Common Stock 		A - Award 129,032 574,024 29.00
2018-08-08 2018-08-07 4 CDR CEDAR REALTY TRUST, INC.
Common Stock 		S - Sale -25,000 444,992 -5.32 4.56 -114,092 2,030,810
2018-03-06 2018-03-05 4 CDR CEDAR REALTY TRUST, INC.
Common Stock 		F - Taxes -181,050 469,992 -27.81 3.99 -722,390 1,875,268
2017-02-10 2016-06-30 5 CDR CEDAR REALTY TRUST, INC.
Common Stock 		J - Other -125,000 651,042 -16.11
2016-09-14 2016-09-12 4 CDR CEDAR REALTY TRUST, INC.
Common Stock 		S - Sale -25,000 776,042 -3.12 7.50 -187,508 5,820,548
2016-02-19 2016-02-17 4 CDR CEDAR REALTY TRUST, INC.
Common Stock 		A - Award 276,564 801,042 52.73 6.87 1,899,995 5,503,159
2016-01-06 2016-01-04 4 CDR CEDAR REALTY TRUST, INC.
Common Stock 		F - Taxes -29,979 524,478 -5.41 6.80 -203,857 3,566,450
2015-06-08 2015-06-07 4 CDR CEDAR REALTY TRUST, INC.
Common Stock 		F - Taxes -12,672 554,457 -2.23 6.63 -84,015 3,676,050
2015-01-05 2015-01-02 4 CDR CEDAR REALTY TRUST, INC.
Common Stock 		F - Taxes -2,728 567,129 -0.48 7.34 -20,024 4,162,727
2014-06-16 2014-06-13 4 CDR CEDAR REALTY TRUST, INC.
Common Stock 		F - Taxes -12,672 569,857 -2.18
2014-01-06 2014-01-03 4 CDR CEDAR REALTY TRUST, INC.
Common Stock 		F - Taxes -2,728 582,529 -0.47
2013-06-10 2013-06-10 4 CDR CEDAR REALTY TRUST, INC.
Common Stock 		F - Taxes -12,672 585,257 -2.12
2013-03-08 2013-03-06 4 CDR CEDAR REALTY TRUST, INC.
Common Stock 		A - Award 369,718 597,929 162.01
2013-01-09 2013-01-08 4 CDR CEDAR REALTY TRUST, INC.
Common Stock 		F - Taxes -2,691 228,211 -1.17
2012-06-25 2012-06-07 4/A CDR CEDAR REALTY TRUST, INC.
Common Stock 		F - Taxes -12,168 230,902 -5.01
2012-05-11 2012-05-09 4 CDR CEDAR REALTY TRUST, INC.
Common Stock 		A - Award 86,597 243,070 55.34
2012-01-05 2012-01-03 4 CDR CEDAR REALTY TRUST, INC.
Common Stock 		A - Award 19,362 156,473 14.12
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)