 Shares of Blue Bird Corporation NASDAQ: BLBD fell by 2 from the previous closing price. General Counsel Treasurer Yousif Paul filed a Form 4 with the SEC on Friday, June 19. The insider sold 10,000 shares at an average price of 14.66. After the transaction, the executives stake in Blue Bird Inc. moved to 15,583 sharesWhy Insider Transactions Are Important? Insider transactions shouldnt be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.Insiders buying stock after a notable sell off can indicate an insiders long-term belief in the success of the company; insiders buying stock at new highs can be an indication the exec doesnt feel the stock is overvalued. Conversely, insiders who are selling stock at new lows can potentially indicate some kind of capitulation moment. Insiders selling at new highs can indicate that exec wants to take some profit and lock in a gain.Important Transaction Codes 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. An open-market transaction means the insider went into the market of their own volition and made an active decision about the potential path for a company and its stock moving forward.Transaction codes besides P or S arent relatively important as they are seldom tied to a decision by the executive. For example, transaction code A is indicative of an insider being forced to sell shares to attain compensation. Moreover, transaction code C indicates the conversion of an option.See more from Benzinga Insider Buys Southern National Bancorps Shares Morning Market Stats in 5 Minutes Price Over Earnings Overview: CarnivalC 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. 