Adrian Steeples - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Adrian Steeples. 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 Adrian Steeples 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 Adrian Steeples. 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 KWR / Quaker Chemical Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in KWR / Quaker Chemical 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 (%)
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 Sales KWR / Quaker Chemical Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in KWR / Quaker Chemical 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 (%)
2020-11-16	KWR	STEEPLES ADRIAN	91	251.8300	91	251.8300	22,917	245	224.4200	-2,494	-10.88
2020-11-16	KWR	STEEPLES ADRIAN	144	253.0800	144	253.0800	36,444
2020-11-16	KWR	STEEPLES ADRIAN	76	254.1400	76	254.1400	19,315
2020-11-16	KWR	STEEPLES ADRIAN	240	255.5300	240	255.5300	61,327
2020-11-16	KWR	STEEPLES ADRIAN	282	256.7000	282	256.7000	72,389
2020-11-16	KWR	STEEPLES ADRIAN	368	257.6500	368	257.6500	94,815
2020-11-16	KWR	STEEPLES ADRIAN	27	258.9400	27	258.9400	6,991
2020-08-12	KWR	STEEPLES ADRIAN	188	200.6400	188	200.6400	37,720
2020-08-12	KWR	STEEPLES ADRIAN	1,300	201.6500	1,300	201.6500	262,145
2020-08-12	KWR	STEEPLES ADRIAN	700	202.7400	700	202.7400	141,918
2020-05-18	KWR	STEEPLES ADRIAN	1,213	168.9148	1,213	168.9148	204,894
2018-03-06	KWR	STEEPLES ADRIAN	744	149.8398	744	149.8398	111,481
2018-03-06	KWR	STEEPLES ADRIAN	109	149.5686	109	149.5686	16,303
2018-03-06	KWR	STEEPLES ADRIAN	1,104	150.7527	1,104	150.7527	166,431
2017-11-01	KWR	STEEPLES ADRIAN	87	157.1350	87	157.1350	13,671
2017-11-01	KWR	STEEPLES ADRIAN	2,122	154.7759	2,122	154.7759	328,434
2017-11-01	KWR	STEEPLES ADRIAN	275	156.9164	275	156.9164	43,152
2017-11-01	KWR	STEEPLES ADRIAN	1,214	155.5382	1,214	155.5382	188,823
2017-11-01	KWR	STEEPLES ADRIAN	1,213	157.1350	1,213	157.1350	190,605

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 Adrian Steeples as disclosed to the Securities Exchange Commission (SEC).