William Timothy Turner, the President of Ryan Specialty Holdings (NYSE:RYAN), sold 689,909 shares of the company on May 24, according to an SEC filing. The insider sale amounted to $29,976,546.
At the time of writing, Ryan Specialty Holdings’ shares were trading at $40.96, up 0.32%.
Understanding Insider Transactions
While insider transactions should not be used as the sole basis for investment decisions, they are still important for investors to consider.
An “insider” refers to any shareholder who owns at least 10% of a company, including executives and hedge funds. When insiders make new purchases, it can be a sign that they expect the stock to rise. Conversely, insider sells can occur for a variety of reasons and may not necessarily indicate that the seller believes the stock will fall.
Transaction Codes
Investors prefer to focus on transactions that take place in the open market, such as those indicated in Table I of the Form 4 filing. A “P” in Box 3 denotes a purchase, while an “S” indicates a sale. Additionally, transaction code “C” represents the conversion of an option, and transaction code “A” suggests an insider may have been forced to sell shares in order to receive promised compensation upon being hired by the company.
For more information on Ryan Specialty Holdings’ insider transactions, check out the full list here.
This article was automatically generated by Benzinga’s content engine, and has been reviewed by an editor.
Trade stocks online commission-free with trusted firm Charles Schwab here.
