 Becton, Dickinson Inc NYSE:BDX was trading 1.6 higher from the previous closing price. A Form 4 filing filed with the SEC on Monday, July 13 showed that EVP Pres Life Sciences Kaltenbach Patrick sold 1,272 shares at an average price of 260.00. The transaction moved the executives stake in Becton, Dickinson Inc. to 10,340 shares.Why Insider Transactions Are Important? While transactions from an insider shouldnt be used as the sole item to make an investment or trading decision, an insider buying or selling stock in their company can be a good added factor that leads to more conviction in a decision.When an insider buys stock after an important sell off, that can indicate the insiders faith in the success of the organization. Henceforth, if the stock is bought at new highs, it might be because the insider feels that the stock is not overvalued. Insiders who sell stock at new lows could be anticipating some capitulation moment. If the insider sells at new highs, it could point to the intention to take some profit and lock in a gain.Transaction Codes To Focus On Wall Street tends to focus on insider transactions which take place in the open market, viewed inside a Form 4 filing via codes P for purchase and S for sale. If the transaction was an open-market transaction, that means that the insider made a concious decision for the companys stock moving forward.Transaction codes other than P or S are often viewed with less conviction as they are often not tied to a decision by the exec. As an example, transaction code C indicates the conversion of an option. Transaction code A indicates the insider may have been forced to sell shares in order to receive compensation the exec was promised upon being hired by a company.See more from Benzinga Benzingas Top Upgrades, Downgrades For July 9, 2020C 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. 