Philip W Iii Smith - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Philip W Iii Smith. 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 Philip W Iii Smith 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 Philip W Iii Smith. 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 PGC / Peapack-Gladstone Financial Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in PGC / Peapack-Gladstone Financial Corporation. 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 (%)
2016-02-09	PGC	SMITH PHILIP W III	2,000	17.9900	2,000	17.9900	35,980	364	32.1100	28,240	78.49
2013-12-12	PGC	SMITH PHILIP W III	4,412	17.0000	4,412	17.0000	75,004
2013-12-12	PGC	SMITH PHILIP W III	285	17.0000	285	17.0000	4,845
2013-12-12	PGC	SMITH PHILIP W III	625	17.0000	625	17.0000	10,625

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

Insider Sales PGC / Peapack-Gladstone Financial Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in PGC / Peapack-Gladstone Financial Corporation. 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 (%)
2017-12-05	PGC	SMITH PHILIP W III	100	34.5200	100	34.5200	3,452	364	26.8300	-769	-22.28
2017-12-05	PGC	SMITH PHILIP W III	300	34.5201	300	34.5201	10,356
2017-12-05	PGC	SMITH PHILIP W III	110	34.5400	110	34.5400	3,799
2017-12-05	PGC	SMITH PHILIP W III	200	34.5700	200	34.5700	6,914
2017-12-05	PGC	SMITH PHILIP W III	100	34.6250	100	34.6250	3,462
2017-12-05	PGC	SMITH PHILIP W III	100	34.7700	100	34.7700	3,477
2017-12-05	PGC	SMITH PHILIP W III	300	34.8100	300	34.8100	10,443
2017-12-05	PGC	SMITH PHILIP W III	600	34.8400	600	34.8400	20,904
2017-12-05	PGC	SMITH PHILIP W III	100	34.8500	100	34.8500	3,485
2017-12-05	PGC	SMITH PHILIP W III	300	34.8900	300	34.8900	10,467
2016-12-09	PGC	SMITH PHILIP W III	2,310	30.6808	2,310	30.6808	70,873

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 Philip W Iii Smith as disclosed to the Securities Exchange Commission (SEC).