Lawrence E. Teel

Filings by Lawrence E. Teel span 2 companies, the busiest being Westlake Corp and Westlake Chemical Partners LP. Over a trading history stretching from 28 February 2013 to 25 February 2021, the count stands at 63 filings.

Both buying and selling appear: 6 purchases worth €221k, against 13 sales worth €4.6M. Netting one side against the other leaves €4.4M of net selling. 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 27 option exercises. In 2021 alone, the filings show no purchases and 2 sales.

The median purchase comes to €38k. On 2 out of 5 purchases, another insider of the same company was buying within the same 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. After 5 purchases with a full 90-day history, the hit rate stands at 100% and the median 90-day move at +9.6%. Past outcomes like these are no guarantee of what comes next.

The latest filing, published on 26 February 2021, reports an option exercise of €425k in Westlake Corp. The last purchase on record was published on 12 March 2020, which is 2,432 days ago. The median gap between a trade and its publication by SEC (Form 4) is 2 days. US insiders must file a Form 4 within two business days of a trade. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.