Introduction

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

Security Title Latest Reported Holdings
US:MTB / M&T Bank Corporation Sr. VP/General Counsel 3,090
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Drew J Pfirrman. 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 Drew J Pfirrman 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
2016-08-26 2016-08-25 4 MTB M&T BANK CORP
Common Stock 		S - Sale -500 3,090 -13.93 117.47 -58,736 363,021
2016-08-02 2016-08-01 4 MTB M&T BANK CORP
Common Stock 		S - Sale -3,920 3,590 -52.20 114.44 -448,588 410,857
2016-02-02 2016-01-29 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -1,037 7,510 -12.13 110.18 -114,257 827,483
2016-02-02 2016-01-29 4 MTB M&T BANK CORP
Common Stock 		A - Award 598 8,547 7.52
2015-02-03 2015-01-30 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -883 7,949 -10.00 113.16 -99,920 899,541
2015-02-03 2015-01-30 4 MTB M&T BANK CORP
Common Stock 		A - Award 2,254 8,832 34.26
2015-02-03 2015-01-30 4 MTB M&T BANK CORP
Common Stock 		A - Award 597 6,578 9.98
2014-02-04 2014-01-31 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -498 5,981 -7.69 111.51 -55,532 666,973
2014-01-31 2014-01-29 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -339 6,479 -4.97 111.69 -37,863 723,671
2013-02-04 2013-01-31 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -213 6,818 -3.03 102.69 -21,873 700,169
2013-02-04 2013-01-31 4 MTB M&T BANK CORP
Common Stock 		A - Award 1,607 7,031 29.63
2013-01-31 2013-01-29 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -258 5,424 -4.54 103.42 -26,682 560,979
2013-01-02 2012-12-28 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -15 5,682 -0.26 97.55 -1,463 554,306
2013-01-02 2012-12-28 4 MTB M&T BANK CORP
Common Stock 		A - Award 49 5,697 0.87
2012-12-18 2012-12-14 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -15 5,648 -0.26 97.91 -1,469 552,996
2012-12-18 2012-12-14 4 MTB M&T BANK CORP
Common Stock 		A - Award 49 5,664 0.87
2012-12-04 2012-11-30 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -15 5,615 -0.27 97.73 -1,466 548,724
2012-12-04 2012-11-30 4 MTB M&T BANK CORP
Common Stock 		A - Award 49 5,630 0.88
2012-11-20 2012-11-16 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -15 5,580 -0.27 97.10 -1,456 541,867
2012-11-20 2012-11-16 4 MTB M&T BANK CORP
Common Stock 		A - Award 50 5,596 0.89
2012-11-06 2012-11-02 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -14 5,546 -0.25 103.55 -1,450 574,287
2012-11-06 2012-11-02 4 MTB M&T BANK CORP
Common Stock 		A - Award 46 5,560 0.84
2012-10-23 2012-10-19 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -14 5,514 -0.25 103.70 -1,452 571,756
2012-10-23 2012-10-19 4 MTB M&T BANK CORP
Common Stock 		A - Award 46 5,528 0.85
2012-10-09 2012-10-05 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -15 5,481 -0.27 98.51 -1,478 539,953
2012-10-09 2012-10-05 4 MTB M&T BANK CORP
Common Stock 		A - Award 49 5,496 0.90
2012-09-25 2012-09-21 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -16 5,447 -0.29 94.99 -1,520 517,449
2012-09-25 2012-09-21 4 MTB M&T BANK CORP
Common Stock 		A - Award 51 5,463 0.94
2012-09-18 2012-09-14 4 MTB M&T BANK CORP
Common Stock 		S - Sale -2,066 5,413 -27.62 93.68 -193,543 507,070
2012-09-11 2012-09-07 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -16 7,479 -0.21 90.74 -1,452 678,625
2012-09-11 2012-09-07 4 MTB M&T BANK CORP
Common Stock 		A - Award 53 7,495 0.71
2012-08-28 2012-08-24 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -17 7,442 -0.23 85.87 -1,460 639,028
2012-08-28 2012-08-24 4 MTB M&T BANK CORP
Common Stock 		A - Award 56 7,459 0.76
2012-08-14 2012-08-10 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -17 7,403 -0.23 86.66 -1,473 641,528
2012-08-14 2012-08-10 4 MTB M&T BANK CORP
Common Stock 		A - Award 55 7,420 0.75
2012-07-31 2012-07-27 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -17 7,364 -0.23 86.45 -1,470 636,647
2012-07-31 2012-07-27 4 MTB M&T BANK CORP
Common Stock 		A - Award 56 7,381 0.76
2012-07-17 2012-07-13 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -18 7,326 -0.25 83.98 -1,512 615,215
2012-07-17 2012-07-13 4 MTB M&T BANK CORP
Common Stock 		A - Award 57 7,344 0.79
2012-07-03 2012-06-29 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -18 7,286 -0.25 82.57 -1,486 601,645
2012-07-03 2012-06-29 4 MTB M&T BANK CORP
Common Stock 		A - Award 58 7,304 0.80
2012-06-19 2012-06-15 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -18 7,246 -0.25 81.04 -1,459 587,236
2012-06-19 2012-06-15 4 MTB M&T BANK CORP
Common Stock 		A - Award 59 7,264 0.82
2012-06-05 2012-06-01 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -19 7,205 -0.26 78.57 -1,493 566,091
2012-06-05 2012-06-01 4 MTB M&T BANK CORP
Common Stock 		A - Award 61 7,224 0.85
2012-05-22 2012-05-18 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -18 7,163 -0.25 80.71 -1,453 578,105
2012-05-22 2012-05-18 4 MTB M&T BANK CORP
Common Stock 		A - Award 60 7,181 0.84
2012-05-08 2012-05-04 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -17 7,121 -0.24 85.56 -1,455 609,287
2012-05-08 2012-05-04 4 MTB M&T BANK CORP
Common Stock 		A - Award 56 7,138 0.79
2012-04-24 2012-04-20 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -17 7,082 -0.24 87.39 -1,486 618,894
2012-04-24 2012-04-20 4 MTB M&T BANK CORP
Common Stock 		A - Award 55 7,099 0.78
2012-04-10 2012-04-06 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -17 7,044 -0.24 86.88 -1,477 611,980
2012-04-10 2012-04-06 4 MTB M&T BANK CORP
Common Stock 		A - Award 55 7,061 0.79
2012-03-27 2012-03-23 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -17 7,006 -0.24 85.86 -1,460 601,503
2012-03-27 2012-03-23 4 MTB M&T BANK CORP
Common Stock 		A - Award 56 7,023 0.80
2012-03-13 2012-03-09 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -18 6,967 -0.26 81.35 -1,464 566,736
2012-03-13 2012-03-09 4 MTB M&T BANK CORP
Common Stock 		A - Award 59 6,985 0.85
2012-02-28 2012-02-24 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -19 6,926 -0.27 81.77 -1,554 566,301
2012-02-28 2012-02-24 4 MTB M&T BANK CORP
Common Stock 		A - Award 59 6,945 0.85
2012-02-14 2012-02-10 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -75 6,886 -1.08 79.80 -5,985 549,482
2012-02-14 2012-02-10 4 MTB M&T BANK CORP
Common Stock 		A - Award 181 6,961 2.67
2012-02-01 2012-01-31 4 MTB M&T BANK CORP
Common Stock 		A - Award 2,195 6,780 47.87
2012-01-31 2012-01-27 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -174 4,585 -3.66 80.11 -13,939 367,304
2009-10-22 3 MTB M&T BANK CORP
No securities are benficially owned 		0
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)