Davidson Phillip S

Davidson Phillip S. has filed 36 Form 4 transactions across three companies, but the pattern is overwhelmingly one of compensation-driven accumulation rather than discretionary buying or selling. Across all filings, there were zero open-market purchases (code P) and zero open-market sales (code S), with total buy and sell values both at $0. Instead, the activity consists almost entirely of grants and awards (code A), option exercises (code M), and other non-discretionary events, which together account for $168,681.95 in acquired value. The most frequent filings involve Par Pacific Holdings (PARR), where Davidson received recurring quarterly grants and option exercises through 2025 and into 2026, alongside "other" transactions (code J) valued between roughly $13,000 and $29,000. These J-coded events occurred on January 5, April 5, July 5, and October 5—consistent with scheduled vesting or dividend-equivalent adjustments rather than market timing. AeroVironment (AVAV) appears twice in early July 2026, both as zero-value awards, while Norfolk Southern (NSC) shows a series of small grant values ranging from about $2,500 to $3,400 on dates like November 20, February 20, and May 20. Notably, the recent trades contain no sales of any kind—no code S, D, or F—and no open-market purchases. The absence of both buying and selling conviction signals that Davidson’s insider activity is purely mechanical, tied to board compensation schedules across the three boards he serves. The dollar figures are modest, with the largest single transaction at $28,551.60, suggesting routine equity compensation rather than large-scale repositioning.