Bernard W. Reznicek

Bernard W. Reznicek is a declared insider at 3 companies; the most frequent names are CSG Systems International Inc, Pultegroup Inc/MI/ and Infousa Inc. Over a trading history stretching from 28 July 2006 to 21 August 2013, the count stands at 25 filings.

In open-market terms, that means 1 purchase worth €37k on one side and 2 sales worth €236k on the other. On balance, insiders were net sellers of €199k. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. Other entries cover 17 share grants and 4 option exercises.

The latest filing, published on 23 August 2013, reports a share grant of €74k in CSG Systems International Inc. The latest purchase dates back some time: it was published 5,521 days ago, on 12 September 2011. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. For comparison, the SEC allows two business days to file a Form 4. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.