NIE · Insider Trading

Virtus Equity & Convertible Income Fund

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Every open-market purchase and sale reported by NIE officers, directors and 10%+ beneficial owners on SEC Form 4, which must be filed within two business days of the transaction. Sales often reflect scheduled 10b5-1 plans or tax withholding rather than a directional view, so read counts alongside the size and the filer.

Form 4 Filings

most recent

Open-Market Buys

code P

Sales

code S

Reporting Insiders

current holders

NIE — Recent Form 4 Transactions (latest 2026-08-26)

Filed	Insider	Role	Type	Shares	Value
2026-08-26	Michael Yee	—	Sell	−4,605	−$122.27K
2026-08-24	Connie D McDaniel	Director	Buy	+245	+$6.46K
2026-08-17	Michael Yee	—	D	−4,505	−$119.61K
2025-06-18	Connie D McDaniel	Director	Buy	+226	+$5.19K
2023-06-30	Donald C Burke	Director	Buy	+719	+$15.00K
2022-03-04	Deborah A DeCotis	Director	Buy	+190	+$5.02K
2022-03-01	Philip R McLoughlin	Director	Buy	+400	+$10.44K
2021-12-22	George R Aylward	President and CEO	Buy	+2,460	+$75.00K
2021-04-29	F Ford Drummond	Director	Buy	+340	+$9.97K
2020-08-13	Douglas Forsyth	—	Sell	−20,000	−$493.27K
2019-08-23	Sarah E Cogan	Director	Buy	+500	+$10.89K
2017-12-22	James S Macleod	Director	Buy	+500	+$10.84K
2017-07-10	Alan Rappaport	Director	Buy	+1,000	+$19.75K

NIE — Current Insider Holders

Insider	Role	Shares Held	Value
Connie D McDaniel	Director	471	$11.62K

NIE Insider Trading FAQ

Who are the insiders at NIE?

1 officers, directors and 10%+ beneficial owners currently report holdings in NIE via SEC Form 4.

Are NIE insiders buying or selling?

Across the 13 most recent Form 4 filings for NIE, 10 were open-market purchases (code P) and 2 were sales (code S). Sales frequently reflect scheduled 10b5-1 plans or tax withholding rather than a view on the stock.

How current is NIE insider data?

Form 4 must be filed within two business days of the transaction, so this is close to real time. The most recent NIE filing is dated 2026-08-26.

How to read Form 4 activity

Form 4 reports a change in beneficial ownership by an officer, director or 10%+ holder, and must be filed within two business days of the transaction — so this is close to real time, unlike the 45-day-lagged 13F institutional data.

Transaction codes matter more than the raw buy/sell count. Code P is an open-market purchase — an insider choosing to buy with their own money, which is the signal most research treats as informative. Code S is a sale, but sales are frequently pre-scheduled under a 10b5-1 plan or cover tax withholding on vesting equity, so a run of sales often says nothing directional. Codes A and M are grants and option exercises rather than open-market decisions.

Full filing history and per-insider positions are on the NIE quote page; the site-wide leaderboard is on the insider transactions hub.