The EVP's $4.18M open-market sale without a 10b5-1 plan is the key signal — it is not routine tax/vesting activity. Monitor for any upcoming earnings pre-announcement or material change in business conditions that could have prompted the sale. The lack of any insider buying alongside the selling reinforces the bearish read.
Price Chart
Executive Summary
Two SEIC insiders, including an Executive Vice President, sold a combined $4.73M in open-market sales over a one-week window. The EVP's $4.18M sale is the dominant transaction, representing a notable but not outsized proportion of market cap, and occurs without any disclosed 10b5-1 plan, suggesting potential bearish conviction.
Key Financial Metrics
Key Facts
- Total insider sales of $4.73M from 2 insiders (Director and EVP) between 2026-08-27 and 2026-09-03.
- EVP Michael Peterson sold 37,500 shares at ~$111.51 for $4.18M — the largest trade and not flagged as 10b5-1.
- Director Carmen Romeo sold 5,000 shares at ~$109.70 for $549K.
- No open-market purchases were made during the window; net direction is entirely selling.
Financial Impact
Total sales of $4.73M represent approximately 0.1-0.2% of SEIC's market cap (estimated ~$3B based on ~$110 price and ~27M shares outstanding), falling at the low end of the 'modest' proportionality band.
Risk Factors
- Sales could be pre-planned under a 10b5-1 plan not disclosed in the filing — if so, the bearish signal is significantly weakened.
- The dollar amount is modest relative to market cap, so the selling may be liquidity-driven rather than informational.
- SEIC has a history of neutral reports with positive stock drift, suggesting the market may not react negatively to insider sales.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SEIC-1788898001260 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $103.50 | awaiting T+20 | — | $102.88 (−0.60%) |
Oct 21, 2026 6d ago | 8-K | $104.50 | awaiting T+20 | — | $102.88 (−1.55%) |
Oct 21, 2026 6d ago | Press Release | $104.50 | awaiting T+20 | — | $102.88 (−1.55%) |
Oct 1, 2026 26d ago | Insider Cluster | $102.43 | awaiting T+20 | — | $102.88 (+0.44%) |
Sep 8, 2026 7w ago | Insider Cluster | $107.17 $102.07 | ▲ +4.76% | ▲ +6.96% | $102.88 (+4.00%) |
Sep 3, 2026 7w ago | Insider Cluster | $110.39 $103.26 | ▼ −6.46% | ▼ −7.06% | $102.88 (−6.80%) |
Aug 14, 2026 10w ago | 13F-HR | $106.38 $105.51 | ▼ −0.82% | ▲ +1.17% | $102.88 (−3.29%) |
Aug 6, 2026 11w ago | Insider Cluster | $104.70 $110.39 | ▲ +5.43% | ▲ +5.83% | $102.88 (−1.74%) |
Aug 4, 2026 12w ago | Insider Cluster | $104.76 $109.12 | ▲ +4.16% | ▲ +4.76% | $102.88 (−1.79%) |
Jul 30, 2026 12w ago | Insider Cluster | $102.98 $111.63 | ▲ +8.40% | ▲ +5.41% | $102.88 (−0.10%) |
US Market Status
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