Stephen N. Potter

Filings by Stephen N. Potter span 3 companies, the busiest being Northern Trust Corp, Nuveen Churchill Direct Lending Corp. and Nuveen Churchill Private Capital Income Fund. Between 20 October 2006 and 5 January 2024, the trades on record add up to 151 filings.

The open-market side counts 8 purchases for €666k alongside 55 sales for €33.4M. Sales outweigh purchases by €32.7M. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. Outside the open market, there are 48 share grants and 21 option exercises. 2024 to date brings 1 purchase and no sales.

In size, the median ticket on the buying side is €39k. 6 out of 7 purchases came within 30 days of a purchase by at least one other insider of the same company. When several insiders buy within a few weeks of each other, analysts speak of a cluster purchase.

The newest entry dates from 8 January 2024: an open-market purchase of €72k, in Nuveen Churchill Direct Lending Corp. The median gap between a trade and its publication by SEC (Form 4) is 2 days. The legal deadline for a Form 4 is two business days after the transaction. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.