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EdgarHawk

Wiedman Mark

President

Officer
6 filings analyzed · 3 companies · Latest 2025-05-22

Companies

Company Buys Sells Direction
PNC FINANCIAL SERVICES GROUP, INC. PNC 1 0 Net buying
BlackRock, Inc. BLK 0 8 Net selling
BlackRock Inc. BLK 0 16 Net selling

Activity

May 2025
Buy
20 shares
$3,568
Significance 3/10

PNC President Wiedman buys 20 shares at $178.40; stock now $172.99, -19.5% from 52-week high.

Mark Wiedman, PNC's President, purchased 20 shares at $178.40 on 2025-05-20, establishing an initial open-market position in the company. The transaction value of $3,568.00 is modest relative to PNC's $68.4B market cap and quarterly net income of $1,499,000,000.00. The current price of $172.99 is 19.5% below the 52-week high of $215.00, though the stock has recovered 12.0% over the last 30 days; Wiedman's entry at $178.40 sits between the 52-week range of $149.76–$215.00. Across his cross-ticker track record of 20 prior sales, Wiedman has achieved a 90-day well-timed rate of 40.00%, indicating moderate historical accuracy in exit timing—a neutral baseline for assessing this inaugural buy position at the company.

December 2024
2024-12-06 BlackRock, Inc. BLK
medium
Sell
36,190 shares
$37,851,104
Significance 6/10

Senior Managing Director Wiedman sells 36,190 shares (84.8% of holdings) for $37.9M at BlackRock in 7 transactions on 2024-12-06

Mark Wiedman, Senior Managing Director at BlackRock, executed 7 separate sales totaling 36,190 shares for $37,851,104.04 on 2024-12-06, reducing his holdings from 42,670 to 6,480 shares (an 84.8% reduction). The blended average transaction price was $1,045.90, executed near the 52-week high of $1,053.84. Wiedman's cross-ticker track record shows 14 prior open-market sells with a 90-day well-timed rate of 14.29%, indicating his historical sales have not typically preceded declines. At BlackRock specifically, his 5 prior sales all generated positive 90-day returns (ranging from +13.3% to +24.0%), meaning the stock rose after each sale, suggesting consistently poor timing at this ticker. The substantial reduction in stake raises visibility into whether this represents a strategic exit or a liquidity event unrelated to conviction on equity direction.

August 2024
2024-08-30 BlackRock Inc. BLK
medium
Sell
12,000 shares
$10,800,000
Significance 4/10

Wiedman sells 12,000 BLK shares at $900.00 for $10.8M, reducing holdings from 18,480 to 6,480.

Senior Managing Director Mark Wiedman sold 12,000 shares (64.9% of his pre-transaction holdings) of BlackRock on 2024-08-30 at $900.00, reducing his position from 18,480 to 6,480 shares. This represents a substantial liquidation of his stake, with the current price at $901.81 near the 52-week high. However, Wiedman has executed five prior sales at BLK within a narrow window (2024-08-12 through 2024-08-15), with outcomes not yet measurable beyond 90 days, making it difficult to assess whether this cluster of sales reflects a coherent pattern. His cross-ticker track record shows a 66.67% well-timed rate on 13 prior sells (higher is better), but this alone does not predict accuracy at BLK specifically, where no prior sales have yet produced measurable 90-day outcomes to evaluate his judgment at this ticker.

2024-08-16 BlackRock Inc. BLK
medium
Sell
12,000 shares
$10,500,415
Significance 5/10

Wiedman (Senior Managing Director) sold 12,000 shares of BLK at $875.03 on 2024-08-15, reducing holdings by 64.9% to 6.5K shares; part of heavy August selling pattern.

Wiedman sold 12,000 shares for $10,500,415.20 on 2024-08-15 at $875.03, occurring just days after four other sales on 2024-08-12 and one on 2024-08-13 at the same ticker. His holdings fell from 18,480 shares to 6,480 shares, a 64.9% reduction. The transaction occurred near BlackRock's 52-week high ($876.50), with the stock currently trading at $872.49, -0.5% from that peak. His cross-ticker track record shows 12 prior sells with an average 90-day return of -3.3% and a 66.67% well-timed rate, but none of his 5 prior BLK trades yet have measurable 90-day outcomes. The rapid succession of five sales at this ticker within three days, combined with no flags indicating a Rule 10b5-1 plan, suggests discretionary liquidation in a concentrated window near historical highs.

2024-08-14 BlackRock Inc. BLK
medium
Sell
12,000 shares
$10,232,680
Significance 6/10

BlackRock exec Wiedman sells 12,000 shares (64.9% reduction) for $10.2M; 30-day return +4.2%, cross-ticker timing mixed

Mark Wiedman, Senior Managing Director at BlackRock (BLK), executed 6 separate sales totaling 12,000 shares for $10,232,679.62 on August 12–13, 2024 at blended average price of $852.72, reducing his holdings from 18,480 shares to 6,480 shares (a 64.9% reduction). The current price of $857.52 is +4.2% above the transaction average over 30 days, and the stock is trading at -2.2% from its 52-week high of $876.50. Across his cross-ticker open-market history, Wiedman's 6 prior sells averaged 30-day returns of -2.7% and 90-day returns of -3.3%, with 66.67% of those sells proving well-timed (stock declined post-sale); however, at BlackRock specifically, only 1 of 2 prior measurable same-ticker sales was well-timed at the 90-day horizon. The substantial reduction in stake size merits observation alongside the insider's mixed timing history at this particular ticker and the broader market context of modest recent gains in BLK shares.

July 2024
2024-07-18 BlackRock Inc. BLK
high
Sell
27,000 shares
$22,529,395
Significance 6/10

Senior Managing Director Wiedman sold 27,000 shares of BLK for $22.5M on 2024-07-16, reducing holdings by 80.6%

Mark Wiedman, Senior Managing Director at BlackRock Inc., executed 3 separate sales totaling 27,000 shares for $22,529,395.29 at an average price of $834.42 on 2024-07-16, reducing his holdings from 33,480 to 6,480 shares—a reduction of 80.6% of his prior position. Across his cross-ticker track record, Wiedman's 3 prior sells achieved a 100.00% well-timed rate at the 90-day mark, with an average 90-day return of -8.7% after his sales; at BlackRock specifically, his 2 measurable prior sales at this ticker also were well-timed, declining 4.0% and 13.4% respectively within 90 days. The current price of $829.00 is 1.8% below the 52-week high of $843.94, and the stock has appreciated 5.8% over 30 days and 10.5% over 90 days—suggesting this transaction occurred near recent cycle highs. His substantial reduction in direct equity exposure, combined with his demonstrated pattern of selling before subsequent declines, merits monitoring alongside BlackRock's modest fundamentals (annual revenue growth of -0.4% and a P/E of 20.81).

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