Piedmont Realty Trust, Inc.
US ˙ NYSE ˙ US7201902068

Introduction

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

Security Title Latest Reported Holdings
US:PDM / Piedmont Realty Trust, Inc. Director 85,661
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Frank C Mcdowell. 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 PDM / Piedmont Realty Trust, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in PDM / Piedmont Realty Trust, 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 (%)
2022-08-31 PDM MCDOWELL FRANK C 5,000 11.8200 5,000 11.8200 59,100 12 12.6900 4,350 7.36
2015-08-24 PDM MCDOWELL FRANK C 10,000 17.5000 10,000 17.5000 175,000
2012-05-09 PDM MCDOWELL FRANK C 10,000 17.1200 10,000 17.1200 171,200

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

PDM / Piedmont Realty Trust, Inc. Insider Trades
Insider Sales PDM / Piedmont Realty Trust, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in PDM / Piedmont Realty Trust, 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.

PDM / Piedmont Realty Trust, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Frank C Mcdowell 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
2024-05-08 2024-05-07 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
F - Taxes -4,906 85,661 -5.42 6.95 -34,097 595,344
2024-05-08 2024-05-07 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
M - Exercise 15,220 90,567 20.20
2023-05-12 2023-05-10 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
F - Taxes -2,205 75,347 -2.84 6.57 -14,487 495,030
2023-05-12 2023-05-10 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
M - Exercise 6,839 77,552 9.67
2022-09-01 2022-08-31 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
P - Purchase 5,000 70,713 7.61 11.82 59,100 835,828
2022-05-12 2022-05-11 4 PDM Piedmont Office Realty Trust, Inc.
Restricted Stock Units
A - Award 6,839 6,839
2022-05-12 2022-05-11 4 PDM Piedmont Office Realty Trust, Inc.
Restricted Stock Units
M - Exercise -5,011 0 -100.00
2022-05-12 2022-05-11 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
F - Taxes -1,616 65,713 -2.40 14.62 -23,626 960,724
2022-05-12 2022-05-11 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
M - Exercise 5,011 67,329 8.04
2021-05-12 2021-05-11 4 PDM Piedmont Office Realty Trust, Inc.
Restricted Stock Units
A - Award 5,011 5,011
2021-05-12 2021-05-11 4 PDM Piedmont Office Realty Trust, Inc.
Restricted Stock Units
M - Exercise -6,540 0 -100.00
2021-05-12 2021-05-11 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
F - Taxes -2,108 62,318 -3.27 17.96 -37,860 1,119,231
2021-05-12 2021-05-11 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
M - Exercise 6,540 64,426 11.30
2020-05-14 2020-05-13 4 PDM Piedmont Office Realty Trust, Inc.
Restricted Stock Units
A - Award 6,540 6,540
2020-05-14 2020-05-13 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
F - Taxes -1,396 57,886 -2.35 13.76 -19,209 796,511
2019-05-16 2019-05-15 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
A - Award 4,329 59,282 7.88
2019-05-16 2019-05-15 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
F - Taxes -1,446 54,953 -2.56 20.79 -30,062 1,142,473
2018-05-17 2018-05-17 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
A - Award 4,484 56,399 8.64
2018-05-17 2018-05-15 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
F - Taxes -1,206 51,915 -2.27 18.25 -22,010 947,449
2017-05-22 2017-05-18 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
A - Award 3,741 53,121 7.58
2017-05-16 2017-05-12 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
F - Taxes -1,382 49,380 -2.72 21.12 -29,188 1,042,906
2016-05-16 2016-05-12 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
A - Award 3,921 50,762 8.37
2015-08-26 2015-08-24 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
P - Purchase 10,000 46,841 27.14 17.50 175,000 819,718
2015-05-13 2015-05-12 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
F - Taxes -1,309 36,841 -3.43 17.65 -23,104 650,244
2015-05-13 2015-05-12 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
A - Award 3,966 38,150 11.60
2014-05-16 2014-05-14 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
F - Taxes -1,229 34,184 -3.47 18.79 -23,093 642,317
2014-05-16 2014-05-14 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
A - Award 3,725 35,413 11.76
2013-04-04 2013-04-02 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
A - Award 2,568 31,688 8.82
2012-05-11 2012-05-09 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
P - Purchase 10,000 29,120 52.30 17.12 171,200 498,534
2012-04-05 2012-04-04 4 PDM Piedmont Office Realty Trust, Inc.
Common Stock
A - Award 2,858 19,120 17.57
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)