Charles H Zimmerman - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Charles H Zimmerman. 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 Charles H Zimmerman 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 Charles H Zimmerman. 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 UVSP / Univest Financial Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in UVSP / Univest 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 (%)
2020-02-12	UVSP	Zimmerman Charles H	500	25.6300	500	25.6300	12,815	1	25.8700	120	0.94
2020-02-12	UVSP	Zimmerman Charles H	300	25.6310	300	25.6310	7,689
2018-11-12	UVSP	Zimmerman Charles H	500	25.5000	500	25.5000	12,750
2018-09-07	UVSP	Zimmerman Charles H	100	28.5941	100	28.5941	2,859
2018-04-12	UVSP	Zimmerman Charles H	863	27.8500	863	27.8500	24,035
2018-04-03	UVSP	Zimmerman Charles H	19	27.5500	19	27.5500	511
2018-03-26	UVSP	Zimmerman Charles H	500	27.1380	500	27.1380	13,569
2018-01-04	UVSP	Zimmerman Charles H	18	28.2600	18	28.2600	507
2017-10-03	UVSP	Zimmerman Charles H	16	32.1800	16	32.1800	504
2017-07-05	UVSP	Zimmerman Charles H	17	29.8100	17	29.8100	501
2017-04-04	UVSP	Zimmerman Charles H	19	25.7700	19	25.7700	497
2017-01-04	UVSP	Zimmerman Charles H	16	30.9600	16	30.9600	494
2016-10-04	UVSP	Zimmerman Charles H	21	23.0500	21	23.0500	490
2016-07-05	UVSP	Zimmerman Charles H	23	20.8900	23	20.8900	485
2016-04-04	UVSP	Zimmerman Charles H	25	19.5700	25	19.5700	480
2015-12-16	UVSP	Zimmerman Charles H	2,400	20.8800	2,400	20.8800	50,112

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

Insider Sales UVSP / Univest 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 UVSP / Univest 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 (%)
2018-03-26	UVSP	Zimmerman Charles H	500	27.1380	500	27.1380	13,569	273	20.5900	-3,274	-24.13

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 Charles H Zimmerman as disclosed to the Securities Exchange Commission (SEC).