Peter T Sadowski, EVP at Fidelity National Finl (NYSE:FNF), reported a large insider sell on August 22, according to a new SEC filing.

What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Sadowski sold 22,500 shares of Fidelity National Finl. The total transaction amounted to $919,230.

Fidelity National Finl shares are trading down 1.62% at $40.12 at the time of this writing on Monday morning.

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The Importance of Insider Transactions

Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.

In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.

When a company insider makes a new purchase, that is an indication that they expect the stock to rise.

Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.

Transaction Codes To Focus On

Check Out The Full List Of Fidelity National Finl's Insider Trades.

This article was generated by Benzinga's automated content engine and reviewed by an editor.