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
2017-05-01 Schliessler Ursula EVP & CAO Sell 1,745 $37.39 $65,246 No
2017-03-24 Johnson Terence Executive Vice President Sell 13,325 $34.88 $464,776 Yes
2017-02-16 SULLIVAN JOSEPH A Chairman, President & CEO Sell 29,744 $36.06 $1,072,569 Yes
2017-02-16 Merchant Thomas C Exec VP & General Counsel Sell 6,595 $36.06 $237,816 Yes
2017-01-18 Chen Tian Qiao 10%-Owner Buy 30,405 $31.58 $960,129 No
2017-01-10 Chen Tian Qiao 10%-Owner Sell 760,000 $30.93 $23,504,104 No
2016-06-22 Chen Tian Qiao 10%-Owner Sell 16,000 $32.11 $513,704 No
2016-06-06 DAVIDSON CAROL ANTHONY Director Buy 3,000 $33.92 $101,760 No
2016-05-02 Schliessler Ursula EVP & CAO Sell 1,659 $31.69 $52,568 No
2016-05-02 Johnson Terence Executive Vice President Sell 9,519 $31.65 $301,276 No
2016-04-11 TRIAN FUND MANAGEMENT, L.P. Former 10% Owner Sell 10,526,153 $32.00 $336,836,896 No
2016-04-11 TRIAN FUND MANAGEMENT, L.P. Former 10% Owner Sell 10,526,153 $32.00 $336,836,896 No
2016-02-01 SULLIVAN JOSEPH A Chairman, President & CEO Sell 53,418 $29.70 $1,586,515 Yes
2016-01-26 REED W ALLEN Director Buy 10,000 $29.68 $296,800 No
2016-01-26 Kass Dennis M. Director Buy 3,500 $29.80 $104,300 No
2016-01-26 Nachtwey Peter Exec VP & CFO Buy 20,000 $29.92 $598,400 No
2016-01-26 Murphy John V Director Buy 5,000 $29.74 $148,700 No
2016-01-26 MYERS JOHN H Director Buy 2,000 $29.77 $59,540 No
2016-01-26 SULLIVAN JOSEPH A Chairman, President & CEO Buy 25,000 $29.81 $745,250 No
2015-05-27 PELTZ NELSON Former 10% Owner Sell 314,218 $53.84 $16,918,283 No
2015-05-20 PELTZ NELSON 10%-Owner Sell 218,800 $54.41 $11,904,532 No
2015-05-05 Schliessler Ursula EVP & CAO Sell 1,518 $55.32 $83,976 No
2015-05-05 PELTZ NELSON 10%-Owner Sell 417,000 $55.23 $23,031,582 No
2015-05-01 Johnson Terence Executive Vice President Sell 8,996 $54.27 $488,213 No
2015-04-13 PELTZ NELSON 10%-Owner Sell 50,000 $55.01 $2,750,595 No
2015-04-07 PELTZ NELSON 10%-Owner Sell 220,050 $55.15 $12,136,494 No
2015-04-02 PELTZ NELSON 10%-Owner Sell 628,000 $55.47 $34,835,538 No
2014-12-22 KRONGARD CHERYL GORDON Director Sell 1,240 $54.27 $67,299 No
2014-05-05 Johnson Terence Executive Vice President Sell 9,100 $46.10 $419,510 No
2013-10-29 REED W ALLEN Director Sell 19,987 $38.59 $771,298 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

SERVICE CORP INTERNATIONAL (SCI) - WALTRIP W BLAIR, Director of $SCI made a buy at 34.65, was he convinced the bottom of the box is a strong support? Well, seems he is not wrong.