Why insider trading matters?

When insiders buy shares on the open market, this can thus be regarded as a strong endorsement by those that know the company the best -- they are literally betting their own money on the company's future. Insider selling, however, is not necessarily meaningful in any way, as there is a range of reasons for insiders to liquidate (some) of the shares they own.

- Seeking Alpha
LEGG MASON, INC. (LM)
Sector: Financial Services; Industry: Asset Management

Legg Mason, Inc. is a publicly owned asset management holding company. It launches and manages equity, fixed income, and multi-asset customized portfolios through its subsidiaries. The firm also launches and manages mutual funds and exchange traded funds for its clients through its subsidiaries. Through its subsidiaries, the firm also invests in alternative markets.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-06-10 SULLIVAN JOSEPH A Chairman, President & CEO Sell 648,178 $49.98 $32,395,936 Yes
2020-06-09 SULLIVAN JOSEPH A Chairman, President & CEO Sell 16,634 $50.04 $832,365 Yes
2020-06-08 SULLIVAN JOSEPH A Chairman, President & CEO Sell 223,256 $50.04 $11,171,730 Yes
2020-05-20 GARDEN EDWARD P Director Sell 2,457,808 $49.80 $122,399,084 No
2020-05-20 PELTZ NELSON Director Sell 2,457,808 $49.80 $122,399,084 No
2020-05-19 GARDEN EDWARD P Director Sell 1,423,896 $49.85 $70,982,926 No
2020-05-19 PELTZ NELSON Director Sell 1,423,896 $49.85 $70,982,926 No
2020-03-31 Johnson Terence Executive Vice President Sell 178,300 $48.79 $8,699,555 Yes
2020-03-31 SULLIVAN JOSEPH A Chairman, President & CEO Sell 22,871 $48.74 $1,114,733 Yes
2020-03-12 Nachtwey Peter Sr. Executive VP & CFO Sell 11,350 $48.32 $548,432 No
2020-03-04 Merchant Thomas C Exec VP & General Counsel Sell 33,952 $49.82 $1,691,489 Yes
2020-03-04 Nachtwey Peter Sr. Executive VP & CFO Sell 101,721 $49.82 $5,067,558 Yes
2020-03-05 Johnson Terence Executive Vice President Sell 1,436 $49.92 $71,685 Yes
2020-03-03 Lattin Patricia Executive Vice President Sell 22,626 $49.81 $1,127,001 Yes
2020-03-03 Merchant Thomas C Exec VP & General Counsel Sell 21,013 $49.83 $1,047,078 Yes
2020-03-03 Nachtwey Peter Sr. Executive VP & CFO Sell 22,588 $49.83 $1,125,560 Yes
2019-05-16 Johnson Terence Executive Vice President Sell 18,525 $36.21 $670,790 Yes
2019-05-16 SULLIVAN JOSEPH A Sr. Executive Vice President Sell 26,470 $36.18 $957,685 Yes
2019-05-16 Merchant Thomas C Exec VP & General Counsel Sell 5,582 $36.11 $201,566 Yes
2019-05-16 Nachtwey Peter Chief Financial Officer Sell 9,193 $36.13 $332,143 Yes
2019-05-16 Schliessler Ursula EVP & CAO Sell 3,608 $36.03 $129,996 Yes
2019-05-15 Lattin Patricia Executive Vice President Sell 2,342 $34.99 $81,947 Yes
2018-09-24 Cashman Frances Executive Vice President Sell 10,058 $31.61 $317,905 Yes
2018-05-16 Lattin Patricia Executive Vice President Sell 898 $38.95 $34,977 Yes
2018-05-16 Merchant Thomas C Exec VP & General Counsel Sell 2,537 $38.80 $98,436 Yes
2018-05-16 Lattin Patricia Executive Vice President Sell 898 $38.95 $34,977 Yes
2018-05-16 SULLIVAN JOSEPH A Sr. Executive Vice President Sell 31,336 $38.81 $1,216,060 Yes
2018-05-16 Merchant Thomas C Exec VP & General Counsel Sell 2,537 $38.80 $98,436 Yes
2017-06-28 Chen Tian Qiao 10%-Owner, Director Sell 4,232,500 $38.43 $162,654,975 No
2017-05-01 Johnson Terence Executive Vice President Sell 8,777 $37.24 $326,855 No

Insider Smart

SIMON PROPERTY GROUP (SPG) - Bottom fishing the crash could be intimidating, but it can be easier if you know insiders are on your side. Aeppel Glyn, Director of SPG played safe and bought shares in May at $50, but it is not late at all, the stock is now $90.

Insider Smart

CARNIVAL CORP (CCL) - Cruislines $CCL $NCLH $RCL took a huge beat due to the pandemic, concerns of bankruptcy were raised. Among the three dominating companies in the industry, $CCL is the first one bought by insiders, such a bold move would definitely boost investor confidence.