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Scheible David W: insider trades

Chief executive, Officer, Director at 2 companies we cover. No open-market purchases and 12 sales not made under a pre-set plan, reported from May 21, 2013 to May 15, 2026.

What happened after Scheible David W’s sales?

After their sales, the shares moved +3.4% against the index over 12 months on average (a negative figure means selling was the right call); 55% trailed it.

With 296 insiders tested, some will look skilled or unskilled by chance alone: when we replaced each insider’s stocks with random companies bought on the same days, about 5.7 cleared the bar ahead and 23.3 behind. One record on its own proves little.

Trade by trade

MeasuredTrades countedAverage vs S&P 500MedianWent the right wayYearst-statisticp-valueEvidence
Purchases, 3 months after the report 0 — — — — — — Not enough years
Purchases, 6 months after the report 0 — — — — — — Not enough years
Purchases, 12 months after the report 0 — — — — — — Not enough years
Purchases, 12 months after the trade 0 — — — — — — Not enough years
Sales, 3 months after the report 12 −0.5% −0.9% 67% 5 −0.32 0.76 No reliable evidence
Sales, 12 months after the report 11 +3.4% −9.1% 55% 4 0.43 0.70 No reliable evidence
Sales, 12 months after the trade 11 +3.1% −7.7% 55% 4 0.36 0.75 No reliable evidence

“Average vs S&P 500” is the stock’s return including dividends minus the index’s over the same dates, from the close on the first trading day after the report, or from the close on the trade date. Only windows that have finished are counted. For sales, a negative figure means the stock lagged after it was sold, so selling was the right call (green). “Went the right way” is the share of purchases that beat the index, or of sales that trailed it. The t-statistic uses one average per year of reports, because one person’s trades bunch into the same stock and weeks, and needs trades in at least four different years; the p-value comes from the t distribution with that number of years (with four years, a t of 2 has p = 0.14). “Some evidence” means p under 5%, “strong evidence” p under 1% over at least six years.

Companies traded

CompanyTitle on the latest filingPurchasesSalesFirst reportLatest report
Graphic Packaging Holding Co GPK Chairman011May 21, 2013May 16, 2016
Benchmark Electronics Inc BHE —01May 15, 2026May 15, 2026

Trades and what followed

Moves are against the S&P 500; green means the trade went the insider’s way.

ReportedTradedCompanyTradeValue3 months after report12 months after report12 months after trade
May 15, 2026May 13, 2026 BHE Sale $1,954,065 −11.3%not yetnot yet
May 16, 2016May 13, 2016 GPK Sale $1,986,000 −1.0%−12.4%−10.8%
May 2, 2016May 2, 2016 GPK Sale $1,319,000 −0.2%−9.1%−9.6%
March 21, 2016March 16, 2016 GPK Sale $2,534,000 −2.9%−15.8%−16.7%
October 29, 2015October 28, 2015 GPK Sale $1,434,000 −12.3%−14.8%−15.1%
May 1, 2015April 29, 2015 GPK Sale $1,820,000 +2.7%−9.1%−7.7%
February 23, 2015February 19, 2015 GPK Sale $1,569,000 −3.8%−12.4%−20.9%
July 31, 2014July 29, 2014 GPK Sale $2,444,776 −6.3%+13.4%+12.4%
May 12, 2014May 8, 2014 GPK Sale $780,025 +8.1%+23.9%+26.8%
May 2, 2014April 30, 2014 GPK Sale $772,500 +13.5%+25.7%+25.0%
February 21, 2014February 19, 2014 GPK Sale $1,570,500 −0.9%+30.2%+34.1%
May 21, 2013May 20, 2013 GPK Sale $1,304,769 +8.1%+17.4%+16.6%

Open-market purchases and sales of at least $10,000 in companies we cover, from SEC Form 4 filings; sales made under a pre-set Rule 10b5-1 plan are not shown. “Not yet” means the window has not finished or the share price was under $5 at entry. These are the shares’ moves after each trade: they say nothing about why Scheible David W traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.