Donald W. Bogus

Donald W. Bogus discloses dealings in 2 companies, chiefly Lubrizol Corp and OLIN Corp. We count 47 filings; the first trade dates from 9 February 2006 and the latest from 2 November 2018.

Both buying and selling appear: 8 purchases worth €1.9M, against 14 sales worth €1.5M. On balance, insiders were net buyers of €445k. Unlike grants, an open-market purchase is paid for by the insider, at the market price. Outside the open market, there are 21 share grants and 2 option exercises. So far in 2018, the count stands at 3 purchases and no sales.

In size, the median ticket on the buying side is €93k. Clusters matter here: 3 out of 3 purchases overlapped with buying by a colleague within 30 days. A cluster is several different insiders buying the same stock within a short window, a pattern studied more closely than a single purchase. For 8 purchases whose 90-day window has closed, the share price was higher on day 90 than the day after publication in 75% of cases, with a median move of +2.9%. They describe history only and say nothing certain about the share price ahead.

The newest entry dates from 6 November 2018: an open-market purchase of €479k, in OLIN Corp. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 4 days. US insiders must file a Form 4 within two business days of a trade. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.