Steven J Planson - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Steven J Planson. 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

Companies with Reported Insider Positions

The SEC filings indicate Steven J Planson has reported holdings or trades in the following companies:

How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Steven J Planson. 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 FMAO / Farmers & Merchants Bancorp, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in FMAO / Farmers & Merchants Bancorp, 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 (%)
2023-08-15	FMAO	Planson Steven J	1,318	19.7500	1,318	19.7500	26,030	345	28.2100	11,151	42.84
2023-04-24	FMAO	Planson Steven J	429	22.5000	429	22.5000	9,652
2023-03-14	FMAO	Planson Steven J	450	23.1400	450	23.1400	10,413
2022-09-13	FMAO	Planson Steven J	475	27.4000	475	27.4000	13,015
2022-09-06	FMAO	Planson Steven J	150	27.1100	150	27.1100	4,066
2022-08-31	FMAO	Planson Steven J	478	29.3000	478	29.3000	14,005
2020-09-25	FMAO	Planson Steven J	300	20.0000	300	20.0000	6,000
2020-09-24	FMAO	Planson Steven J	430	19.7500	430	19.7500	8,492
2020-03-13	FMAO	Planson Steven J	500	17.7500	500	17.7500	8,875
2020-03-11	FMAO	Planson Steven J	495	19.7800	495	19.7800	9,791
2020-03-05	FMAO	Planson Steven J	265	26.2500	265	26.2500	6,956
2020-02-28	FMAO	Planson Steven J	835	26.5000	835	26.5000	22,128
2017-06-01	FMAO	Planson Steven J	77	54.0000	154	27.0000	4,158
2017-06-01	FMAO	Planson Steven J	118	54.0000	236	27.0000	6,372
2017-06-01	FMAO	Planson Steven J	116	54.0000	232	27.0000	6,264
2017-06-01	FMAO	Planson Steven J	100	54.0000	200	27.0000	5,400
2017-06-01	FMAO	Planson Steven J	227	54.0000	454	27.0000	12,258
2016-06-20	FMAO	Planson Steven J	1,198	28.6500	2,396	14.3250	34,323
2015-12-15	FMAO	Planson Steven J	245	26.2000	490	13.1000	6,419
2015-04-07	FMAO	Planson Steven J	120	26.0000	240	13.0000	3,120
2015-03-30	FMAO	Planson Steven J	126	26.0000	252	13.0000	3,276
2014-03-25	FMAO	Planson Steven J	265	24.4800	530	12.2400	6,487
2014-03-25	FMAO	Planson Steven J	265	24.4100	530	12.2050	6,469
2013-05-22	FMAO	Planson Steven J	275	21.5000	550	10.7500	5,912
2013-05-22	FMAO	Planson Steven J	275	21.5000	550	10.7500	5,912

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

Insider Sales FMAO / Farmers & Merchants Bancorp, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in FMAO / Farmers & Merchants Bancorp, 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.

Insider Trading History

This table shows the complete list of insider trades made by Steven J Planson as disclosed to the Securities Exchange Commission (SEC).