Shore Bancshares, Inc.
US ˙ NasdaqGS ˙ US8251071051

Introduction

This page provides a comprehensive analysis of the known insider trading history of John H Wilson. 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.

Companies with Reported Insider Positions

The SEC filings indicate John H Wilson has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:SHBI / Shore Bancshares, Inc. Director 13,488
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by John H Wilson. 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 SHBI / Shore Bancshares, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in SHBI / Shore Bancshares, 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 (%)
2014-05-27 SHBI Wilson John H 1,200 8.2500 1,200 8.2500 9,900 353 9.94 2,028 20.48

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

SHBI / Shore Bancshares, Inc. Insider Trades
Insider Sales SHBI / Shore Bancshares, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in SHBI / Shore Bancshares, 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 (%)
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.

SHBI / Shore Bancshares, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by John H Wilson 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
2019-02-08 2019-02-07 4 SHBI SHORE BANCSHARES INC
COMMON STOCK
A - Award 1,106 13,488 8.93 15.37 16,999 207,311
2019-01-29 2019-01-25 4 SHBI SHORE BANCSHARES INC
COMMON STOCK
A - Award 409 12,382 3.42 15.25 6,237 188,826
2018-10-17 2018-10-16 4 SHBI SHORE BANCSHARES INC
COMMON STOCK
A - Award 360 11,973 3.10 17.33 6,239 207,492
2018-07-12 2018-07-12 4 SHBI SHORE BANCSHARES INC
COMMON STOCK
A - Award 321 11,613 2.84 19.47 6,250 226,105
2018-04-26 2018-04-26 4 SHBI SHORE BANCSHARES INC
COMMON STOCK
A - Award 903 11,292 8.69 18.82 16,994 212,515
2018-04-13 2018-04-12 4 SHBI SHORE BANCSHARES INC
COMMON STOCK
A - Award 336 10,389 3.34 18.59 6,250 193,132
2018-01-17 2018-01-17 4 SHBI SHORE BANCSHARES INC
COMMON STOCK
A - Award 333 10,053 3.42 18.78 6,250 188,792
2017-10-12 2017-10-12 4 SHBI SHORE BANCSHARES INC
COMMON STOCK
A - Award 368 9,720 3.93 16.95 6,238 164,754
2017-07-13 2017-07-12 4 SHBI SHORE BANCSHARES INC
COMMON STOCK
A - Award 373 9,352 4.15 16.75 6,248 156,646
2017-04-28 2017-04-26 4 SHBI SHORE BANCSHARES INC
COMMON STOCK
A - Award 585 8,979 6.97 17.07 9,986 153,272
2017-04-13 2017-04-12 4 SHBI SHORE BANCSHARES INC
COMMON STOCK
A - Award 374 8,394 4.66 16.70 6,246 140,180
2017-01-13 2017-01-12 4 SHBI SHORE BANCSHARES INC
Common Stock
A - Award 401 8,020 5.26 15.56 6,240 124,798
2016-10-14 2016-10-12 4 SHBI SHORE BANCSHARES INC
COMMON STOCK
A - Award 529 7,619 7.46 11.80 6,242 89,909
2016-07-12 2016-07-11 4 SHBI SHORE BANCSHARES INC
Common Stock
A - Award 535 7,090 8.16 11.68 6,249 82,816
2016-05-23 2016-05-19 4 SHBI SHORE BANCSHARES INC
COMMON STOCK
A - Award 429 6,555 7.00 11.65 4,998 76,371
2016-04-29 2016-04-27 4 SHBI SHORE BANCSHARES INC
COMMON STOCK
A - Award 419 6,126 7.34 11.93 4,999 73,088
2016-04-18 2016-04-15 4 SHBI SHORE BANCSHARES INC
COMMON STOCK
A - Award 408 5,707 7.70 12.25 4,998 69,916
2015-05-13 2015-04-29 4 SHBI SHORE BANCSHARES INC
COMMON STOCK
A - Award 544 5,299 11.44
2014-05-29 2014-05-27 4 SHBI SHORE BANCSHARES INC
Common Stock
P - Purchase 1,200 4,755 33.75 8.25 9,900 39,232
2014-05-05 2014-04-30 4 SHBI SHORE BANCSHARES INC
Common Stock
A - Award 522 3,555 17.21
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)