This Insider Has Just Sold Shares In Standard Chartered
Some Standard Chartered PLC (LON:STAN) shareholders may be a little concerned to see that the Group Chief Executive & Executive Director, William Winters, recently sold a substantial UK£6.7m worth of stock at a price of UK£22.21 per share. However, that sale only accounted for 7.8% of their holding, so arguably it doesn't say much about their conviction.
Standard Chartered Insider Transactions Over The Last Year
Notably, that recent sale by William Winters is the biggest insider sale of Standard Chartered shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of UK£21.95. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
View our latest analysis for Standard Chartered
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Does Standard Chartered Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Standard Chartered insiders own about UK£109m worth of shares (which is 0.2% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About Standard Chartered Insiders?
An insider sold Standard Chartered shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. But it is good to see that Standard Chartered is growing earnings. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Standard Chartered. You'd be interested to know, that we found 2 warning signs for Standard Chartered and we suggest you have a look.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.