Robert A. Waegelein

Filings by Robert A. Waegelein span 2 companies, the busiest being Universal American Corp. and Universal American Financial Corp. Between 27 March 2006 and 1 March 2015, the trades on record add up to 67 filings.

In open-market terms, that means 1 purchase worth €220k on one side and 21 sales worth €3.7M on the other. Netting one side against the other leaves €3.5M of net selling. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. The rest of the record consists of 22 share grants and 10 option exercises.

On 3 March 2015 came the latest disclosure, a transaction in Universal American Corp. The last insider purchase was made public on 15 May 2014, 4,545 days ago. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 7 days. For comparison, the SEC allows two business days to file a Form 4. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.