Kevin D Silva - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Kevin D Silva. 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 Kevin D Silva 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 Kevin D Silva. 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 VOYA / Voya Financial, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in VOYA / Voya Financial, 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 (%)
2013-05-07	VOYA	SILVA KEVIN D	2,000	19.5000	2,000	19.5000	39,000	331	37.2600	35,520	91.08

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

Insider Sales VOYA / Voya Financial, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in VOYA / Voya Financial, 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 (%)
2023-02-28	VOYA	SILVA KEVIN D	7,821	74.9000	7,821	74.9000	585,793	17	63.1000	-92,287	-15.75
2023-02-28	VOYA	SILVA KEVIN D	9,679	74.7048	9,679	74.7048	723,068
2022-02-23	VOYA	SILVA KEVIN D	12,205	68.8009	12,205	68.8009	839,715
2021-08-16	VOYA	SILVA KEVIN D	15,000	67.1707	15,000	67.1707	1,007,560
2021-02-23	VOYA	SILVA KEVIN D	14,952	58.9736	14,952	58.9736	881,773
2020-12-04	VOYA	SILVA KEVIN D	16,831	60.3468	16,831	60.3468	1,015,697
2020-02-24	VOYA	SILVA KEVIN D	8,454	61.3596	8,454	61.3596	518,734
2019-03-08	VOYA	SILVA KEVIN D	6,746	48.2420	6,746	48.2420	325,441
2019-02-25	VOYA	SILVA KEVIN D	1,015	50.2800	1,015	50.2800	51,034
2019-02-22	VOYA	SILVA KEVIN D	892	50.0400	892	50.0400	44,636
2018-03-08	VOYA	SILVA KEVIN D	5,480	51.7000	5,480	51.7000	283,316
2018-02-23	VOYA	SILVA KEVIN D	895	50.7700	895	50.7700	45,439
2017-08-03	VOYA	SILVA KEVIN D	8,500	40.2767	8,500	40.2767	342,352
2017-03-28	VOYA	SILVA KEVIN D	4,039	37.2880	4,039	37.2880	150,606
2017-03-10	VOYA	SILVA KEVIN D	5,798	40.9344	5,798	40.9344	237,338
2017-03-08	VOYA	SILVA KEVIN D	2,709	41.6412	2,709	41.6412	112,806
2015-03-30	VOYA	SILVA KEVIN D	999	43.6720	999	43.6720	43,628
2013-12-04	VOYA	SILVA KEVIN D	6,445	33.3965	6,445	33.3965	215,240

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 Kevin D Silva as disclosed to the Securities Exchange Commission (SEC).