Erie Indemnity Company
US ˙ NasdaqGS ˙ US29530P1021

Introduction

This page provides a comprehensive analysis of the known insider trading history of Robert C Wilburn. 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.

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Companies with Reported Insider Positions

The SEC filings indicate Robert C Wilburn has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:ERIE / Erie Indemnity Company Director 14,112
US:HSC / Enviri Corp Director 26,822
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Robert C Wilburn. 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 ERIE / Erie Indemnity Company - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in ERIE / Erie Indemnity Company. 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.

ERIE / Erie Indemnity Company Insider Trades
Insider Sales ERIE / Erie Indemnity Company - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in ERIE / Erie Indemnity Company. 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 (%)
2017-03-10 ERIE WILBURN ROBERT C 2,700 120.1570 2,700 120.1570 324,424 340 110.89 -25,020 -7.71
2014-11-13 ERIE WILBURN ROBERT C 300 85.8100 300 85.8100 25,743

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

ERIE / Erie Indemnity Company Insider Trades
Insider Purchases NVRI / Enviri Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in ERIE / Erie Indemnity Company. 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.

NVRI / Enviri Corporation Insider Trades
Insider Sales NVRI / Enviri Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in ERIE / Erie Indemnity Company. 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 (%)
2013-03-05 HSC WILBURN ROBERT C 4,000 23.9013 4,000 23.9013 95,605 48 21.29 -10,445 -10.93
2012-03-15 HSC WILBURN ROBERT C 4,000 23.5702 4,000 23.5702 94,281

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

NVRI / Enviri Corporation Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Robert C Wilburn 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
2017-04-27 2017-04-25 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 160 14,112 1.15 123.05 19,715 1,736,431
2017-04-25 2017-04-21 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 89 13,951 0.64 122.84 10,972 1,713,786
2017-03-10 2017-03-10 4 ERIE ERIE INDEMNITY CO
Class A Common Stock 		S - Sale -2,700 0 -100.00 120.16 -324,424
2017-02-03 2017-02-01 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 160 13,862 1.17 112.11 17,962 1,554,074
2017-01-24 2017-01-23 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 97 13,702 0.71 112.45 10,897 1,540,770
2016-11-02 2016-11-01 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 160 13,605 1.19 102.39 16,405 1,393,008
2016-10-24 2016-10-21 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 99 13,445 0.74 101.92 10,093 1,370,284
2016-08-02 2016-08-01 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 160 13,346 1.22 97.69 15,652 1,303,738
2016-07-22 2016-07-21 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 104 13,185 0.79 96.68 10,017 1,274,769
2016-04-25 2016-04-22 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 101 13,082 0.78 93.62 9,476 1,224,721
2016-04-19 2016-04-19 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 160 12,981 1.24 93.82 14,971 1,217,841
2016-02-03 2016-02-01 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 160 12,821 1.26 96.11 15,336 1,232,231
2016-01-21 2016-01-21 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 103 12,661 0.82 91.10 9,362 1,153,461
2016-01-06 2016-01-06 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 26 12,559 0.21 94.35 2,500 1,184,914
2015-11-03 2015-11-02 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 146 12,532 1.18 87.46 12,797 1,096,067
2015-10-23 2015-10-21 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 100 12,386 0.81 86.55 8,665 1,071,999
2015-08-04 2015-08-03 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 146 12,286 1.21 86.31 12,629 1,060,385
2015-07-23 2015-07-22 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 104 12,139 0.86 82.87 8,595 1,005,997
2015-04-22 2015-04-22 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 95 12,036 0.79 85.68 8,132 1,031,222
2015-04-21 2015-04-21 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 179 11,941 1.52 85.78 15,324 1,024,285
2015-02-03 2015-02-02 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 179 11,762 1.54 86.66 15,482 1,019,311
2015-01-23 2015-01-22 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 92 11,584 0.80 87.86 8,069 1,017,730
2014-11-14 2014-11-13 4 ERIE ERIE INDEMNITY CO
Class A Common Stock 		S - Sale -300 2,700 -10.00 85.81 -25,743 231,687
2014-11-03 2014-11-03 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 179 11,492 1.58 84.87 15,162 975,300
2014-10-21 2014-10-20 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 93 11,313 0.83 80.21 7,465 907,420
2014-08-04 2014-08-01 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 179 11,220 1.62 73.22 13,081 821,527
2014-07-22 2014-07-21 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 101 11,041 0.92 73.28 7,401 809,109
2014-04-24 2014-04-23 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 97 10,940 0.89 71.13 6,886 778,186
2014-04-16 2014-04-15 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 163 10,844 1.53 69.07 11,255 748,963
2014-02-20 2014-02-18 4 HSC HARSCO CORP
Restricted Stock Units 		A - Award 175 26,822 0.66 25.18 4,408 675,514
2014-02-20 2014-02-18 4 HSC HARSCO CORP
Phantom Stock Units 		A - Award 30 3,714 0.81 25.18 755 93,531
2014-02-04 2014-02-03 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 163 10,681 1.55 70.17 11,434 749,456
2014-01-27 2014-01-23 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 95 10,518 0.91 71.62 6,825 753,273
2013-11-19 2013-11-15 4 HSC HARSCO CORP
Restricted Stock Units 		A - Award 163 26,647 0.62 26.84 4,375 715,207
2013-11-19 2013-11-15 4 HSC HARSCO CORP
Phantom Stock Units 		A - Award 28 3,684 0.76 26.84 749 98,873
2013-11-04 2013-11-01 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 179 10,422 1.74 71.82 12,825 748,532
2013-10-23 2013-10-21 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 87 10,244 0.86 72.26 6,317 740,214
2013-08-19 2013-08-15 4 HSC HARSCO CORP
Restricted Stock Units 		A - Award 181 26,484 0.69 23.99 4,338 635,352
2013-08-19 2013-08-15 4 HSC HARSCO CORP
Phantom Stock Units 		A - Award 31 3,656 0.85 23.99 743 87,704
2013-08-02 2013-08-01 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 147 10,156 1.47 80.37 11,841 816,265
2013-07-23 2013-07-22 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 76 10,009 0.76 82.40 6,235 824,743
2013-05-17 2013-05-15 4 HSC HARSCO CORP
Restricted Stock Units 		A - Award 186 26,303 0.71 23.06 4,300 606,421
2013-05-17 2013-05-15 4 HSC HARSCO CORP
Phantom Stock Units 		A - Award 32 3,625 0.89 23.06 737 83,572
2013-05-03 2013-05-01 4 HSC HARSCO CORP
Restricted Stock Units 		A - Award 5,143 26,117 24.52
2013-04-23 2013-04-22 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 77 9,933 0.78 76.02 5,840 755,133
2013-04-18 2013-04-17 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 149 9,857 1.54 77.18 11,525 760,727
2013-03-07 2013-03-05 4 HSC HARSCO CORP
Non-Qualified Stock Option (right to buy) 		M - Exercise -4,000 0 -100.00
2013-03-07 2013-03-05 4 HSC HARSCO CORP
Common Stock, $1.25 par value 		S - Sale -4,000 7,000 -36.36 23.90 -95,605 167,309
2013-03-07 2013-03-05 4 HSC HARSCO CORP
Common Stock, $1.25 par value 		M - Exercise 4,000 11,000 57.14 16.96 67,840 186,560
2013-02-20 2013-02-15 4 HSC HARSCO CORP
Restricted Stock Units 		A - Award 140 20,974 0.67 24.72 3,453 518,575
2013-02-20 2013-02-15 4 HSC HARSCO CORP
Phantom Stock Units 		A - Award 30 3,593 0.83 24.72 731 88,835
2013-02-04 2013-02-01 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 149 9,707 1.56 71.34 10,653 692,512
2012-12-26 2012-12-24 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 366 9,558 3.98 67.29 24,605 643,150
2012-11-19 2012-11-15 4 HSC HARSCO CORP
Restricted Stock Units 		A - Award 182 20,834 0.88 18.75 3,416 390,639
2012-11-19 2012-11-15 4 HSC HARSCO CORP
Phantom Stock Units 		A - Award 39 3,563 1.09 18.75 723 66,814
2012-11-02 2012-11-01 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 149 9,192 1.65 62.22 9,291 571,940
2012-10-24 2012-10-22 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 82 9,043 0.92 63.09 5,198 570,517
2012-08-17 2012-08-15 4 HSC HARSCO CORP
Restricted Stock Units 		A - Award 158 20,652 0.77 21.42 3,383 442,364
2012-08-17 2012-08-15 4 HSC HARSCO CORP
Phantom Stock Units 		A - Award 33 3,525 0.96 21.42 716 75,502
2012-08-02 2012-08-01 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 149 8,961 1.69 71.29 10,645 638,795
2012-07-25 2012-07-23 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 72 8,811 0.83 71.48 5,158 629,824
2012-05-17 2012-05-15 4 HSC HARSCO CORP
Restricted Stock Units 		A - Award 171 20,494 0.84 19.62 3,348 402,091
2012-05-17 2012-05-15 4 HSC HARSCO CORP
Phantom Stock Units 		A - Award 36 3,491 1.04 19.62 708 68,502
2012-05-03 2012-05-01 4 HSC HARSCO CORP
Restricted Stock Units 		A - Award 3,990 20,323 24.43
2012-04-24 2012-04-23 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 64 8,739 0.73 75.40 4,793 658,922
2012-04-18 2012-04-17 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 152 8,675 1.79 75.94 11,573 658,814
2012-03-19 2012-03-15 4 HSC HARSCO CORP
Non-Qualified Stock Option (right to buy) 		M - Exercise -4,000 0 -100.00
2012-03-19 2012-03-15 4 HSC HARSCO CORP
Common Stock, $1.25 par value 		S - Sale -4,000 7,000 -36.36 23.57 -94,281 164,991
2012-03-19 2012-03-15 4 HSC HARSCO CORP
Common Stock, $1.25 par value 		M - Exercise 4,000 11,000 57.14 20.96 83,840 230,560
2012-02-17 2012-02-15 4 HSC HARSCO CORP
Phantom Stock Units 		A - Award 30 3,455 0.88 23.28 702 80,423
2012-02-17 2012-02-12 4 HSC HARSCO CORP
Restricted Stock Units 		A - Award 121 16,333 0.74 23.28 2,806 380,157
2012-02-02 2012-02-01 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 152 8,523 1.82 76.67 11,684 653,463
2012-01-25 2012-01-23 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 63 8,371 0.76 75.73 4,758 633,910
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)