Introduction

This page provides a comprehensive analysis of the known insider trading history of David H Welch. 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 David H Welch has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:IBKC / IBERIABANK Corp. Director 14,076
US:SGY / Stone Energy Corp. Chairman, President & CEO 49,948
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by David H Welch. 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 David H Welch 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
2018-06-04 2018-06-01 4 IBKC IBERIABANK CORP
COMMON STOCK 		A - Award 1,200 14,076 9.32 80.70 96,840 1,135,933
2017-06-02 2017-06-01 4 IBKC IBERIABANK CORP
COMMON STOCK 		A - Award 1,200 12,876 10.28 78.25 93,900 1,007,547
2017-03-02 2017-03-01 4 SGY STONE ENERGY CORP
Warrants 		J - Other 49,948 49,948
2017-03-02 2017-03-01 4 SGY STONE ENERGY CORP
Common stock, $0.01 par value 		J - Other 14,155 14,155
2017-03-02 2017-02-28 4 SGY STONE ENERGY CORP
Employee Stock Options 		J - Other -2,947 0 -100.00
2017-03-02 2017-02-28 4 SGY STONE ENERGY CORP
Employee Stock Options 		J - Other -2,000 0 -100.00
2017-03-02 2017-02-28 4 SGY STONE ENERGY CORP
Employee Stock Options 		J - Other -2,500 0 -100.00
2017-03-02 2017-02-28 4 SGY STONE ENERGY CORP
Common stock, $0.01 par value 		J - Other -80,301 0 -100.00
2017-01-17 2017-01-15 4 SGY STONE ENERGY CORP
Common stock, $0.01 par value per share 		F - Taxes -4,672 80,303 -5.50 6.60 -30,852 530,289
2017-01-09 2017-01-09 4 SGY STONE ENERGY CORP
Employee Stock Options 		E - Other -1,500 0 -100.00 331.90 -497,850
2016-11-08 2016-11-07 4 SGY STONE ENERGY CORP
Common stock, $0.01 par value per share 		F - Taxes -1,619 84,975 -1.87 4.03 -6,525 342,449
2016-11-08 2016-11-07 4 SGY STONE ENERGY CORP
Common stock, $0.01 par value per share 		A - Award 3,462 86,594 4.16
2016-08-08 2016-08-05 4 SGY STONE ENERGY CORP
Common stock, $0.01 par value per share 		F - Taxes -5,730 83,132 -6.45 10.22 -58,589 850,025
2016-08-08 2016-08-05 4 SGY STONE ENERGY CORP
Common stock, $0.01 par value per share 		A - Award 12,256 88,862 16.00
2016-05-09 2016-05-05 4 IBKC IBERIABANK CORP
COMMON STOCK 		A - Award 1,200 11,676 11.45 57.77 69,324 674,523
2016-05-09 2016-05-06 4 SGY STONE ENERGY CORP
Common stock, $0.01 par value per share 		F - Taxes -18,443 766,080 -2.35 0.74 -13,556 563,069
2016-05-09 2016-05-06 4 SGY STONE ENERGY CORP
Common stock, $0.01 par value per share 		A - Award 39,449 784,523 5.29
2016-02-08 2016-02-07 4 SGY STONE ENERGY CORP
Employee Stock Options 		E - Other -15,000 0 -100.00 47.74 -716,175
2016-01-19 2016-01-15 4 SGY STONE ENERGY CORP
Common stock, $0.01 par value per share 		F - Taxes -61,553 745,074 -7.63 2.74 -168,501 2,039,640
2015-06-16 2015-06-16 4 SGY STONE ENERGY CORP
Employee Stock Options 		E - Other -30,000 0 -100.00 48.28 -1,448,550
2015-06-01 2015-06-01 4 IBKC IBERIABANK CORP
COMMON STOCK 		A - Award 1,200 10,476 12.94 63.88 76,656 669,207
2015-04-01 2015-03-31 4 SGY STONE ENERGY CORP
Common stock, $0.01 par value per share 		S - Sale -11,000 806,627 -1.35 14.64 -161,040 11,809,019
2015-03-03 2015-03-01 4 SGY STONE ENERGY CORP
Common stock, $0.01 par value per share 		A - Award 250,885 817,627 44.27 16.94 4,249,992 13,850,601
2015-01-20 2015-01-15 4 SGY STONE ENERGY CORP
Common stock, $0.01 par value per share 		F - Taxes -54,099 566,742 -8.71 14.20 -767,935 8,044,903
2014-05-08 2014-05-06 4 IBKC IBERIABANK CORP
COMMON STOCK 		A - Award 1,000 9,276 12.08 62.31 62,310 577,988
2014-04-01 2014-04-01 4 SGY STONE ENERGY CORP
Employee Stock Options 		E - Other -100,000 0 -100.00 48.90 -4,889,500
2014-03-03 2014-03-01 4 SGY STONE ENERGY CORP
Common Stock, $.01 par value 		A - Award 123,331 620,841 24.79 35.94 4,432,516 22,313,026
2014-01-21 2014-01-19 4 SGY STONE ENERGY CORP
Common Stock, $.01 par value 		F - Taxes -15,584 497,510 -3.04 32.46 -505,857 16,149,175
2014-01-17 2014-01-15 4 SGY STONE ENERGY CORP
Common Stock, $.01 par value 		F - Taxes -40,538 513,094 -7.32 32.72 -1,326,403 16,788,436
2013-05-08 2013-05-07 4 IBKC IBERIABANK CORP
COMMON STOCK 		A - Award 1,000 8,276 13.74 46.26 46,260 382,848
2013-03-04 2013-03-01 4 SGY STONE ENERGY CORP
Common Stock, $.01 par value 		A - Award 155,334 553,632 39.00 20.21 3,139,300 11,188,903
2013-01-23 2013-01-19 4 SGY STONE ENERGY CORP
Common Stock, $.01 par value 		F - Taxes -14,052 398,298 -3.41 22.10 -310,479 8,800,394
2013-01-17 2013-01-15 4 SGY STONE ENERGY CORP
Common Stock, $.01 par value 		F - Taxes -10,417 412,350 -2.46 20.88 -217,507 8,609,868
2012-09-04 2012-09-01 4 SGY STONE ENERGY CORP
Common Stock, $.01 par value 		F - Taxes -10,417 427,824 -2.38 23.38 -243,549 10,002,525
2012-05-22 2012-05-21 4 IBKC IBERIABANK CORP
COMMON STOCK 		A - Award 1,000 7,276 15.93 48.71 48,710 354,414
2012-03-05 2012-03-01 4 SGY STONE ENERGY CORP
Common Stock, $.01 par value 		A - Award 132,634 438,241 43.40 32.42 4,299,994 14,207,773
2012-01-23 2012-01-19 4 SGY STONE ENERGY CORP
Common Stock, $.01 par value 		F - Taxes -10,550 305,607 -3.34 27.66 -291,813 8,453,090
2012-01-17 2012-01-15 4 SGY STONE ENERGY CORP
Common Stock, $.01 par value 		F - Taxes -4,621 312,578 -1.46 26.00 -120,123 8,125,465
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)