PFD · Insider Trading

Flaherty & Crumrine Preferred and Income Fund Incorporated

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Every open-market purchase and sale reported by PFD 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

PFD — Recent Form 4 Transactions (latest 2013-08-20)

Filed	Insider	Role	Type	Shares	Value
2013-08-20	Robert F Wulf	Director	Buy	+1,000	+$20.74K
2013-08-06	Karen Hanovice Hogan	Director	Buy	+700	+$9.08K
2013-06-03	Chad Conwell	CCO, VP and Secretary	Buy	+500	+$7.04K
2010-05-21	Robert F Wulf	Director	Sell	−0	−$5
2010-01-06	Karen Hanovice Hogan	Director	Buy	+500	+$5.14K
2007-11-07	Robert M Ettinger	President	Buy	+1,309	+$16.57K
2007-11-07	Robert M Ettinger	President	Buy	+5,000	+$62.75K
2007-08-14	Donald F Crumrine	Chairman of the Board	Buy	+3,800	+$51.26K

PFD Insider Trading FAQ

Who are the insiders at PFD?

No current Form 4 beneficial owners are on file for PFD.

Are PFD insiders buying or selling?

Across the 8 most recent Form 4 filings for PFD, 7 were open-market purchases (code P) and 1 were sales (code S). Sales frequently reflect scheduled 10b5-1 plans or tax withholding rather than a view on the stock.

How current is PFD insider data?

Form 4 must be filed within two business days of the transaction, so this is close to real time. The most recent PFD filing is dated 2013-08-20.

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 PFD quote page; the site-wide leaderboard is on the insider transactions hub.