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Walsh Paul S: insider trades

Director at FedEx. No open-market purchases and 17 sales not made under a pre-set plan, reported from April 2, 2010 to July 2, 2026.

What happened after Walsh Paul S’s sales?

After their sales, the shares moved +0.3% against the index over 12 months on average (a negative figure means selling was the right call); 56% 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 17 +1.0% −3.0% 59% 16 −0.04 0.97 No reliable evidence
Sales, 12 months after the report 16 +0.3% −7.5% 56% 15 0.04 0.97 No reliable evidence
Sales, 12 months after the trade 16 +0.1% −6.2% 56% 15 −0.04 0.97 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
FedEx FDX —017April 2, 2010July 2, 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
July 2, 2026June 30, 2026 FDX Sale $1,636,432 −8.6%not yetnot yet
July 8, 2025July 8, 2025 FDX Sale $860,227 −4.4%+46.0%+42.2%
June 28, 2024June 28, 2024 FDX Sale $747,115 −13.5%−33.6%−33.9%
April 6, 2023April 6, 2023 FDX Sale $867,021 +3.8%−8.2%−7.2%
April 18, 2022April 14, 2022 FDX Sale $767,882 +20.5%+18.3%+17.8%
October 6, 2020October 6, 2020 FDX Sale $1,307,508 −19.8%−46.6%−44.3%
July 7, 2020July 6, 2020 FDX Sale $715,484 +57.6%+48.5%+51.9%
July 12, 2019July 11, 2019 FDX Sale $718,747 −11.9%−12.0%−8.9%
April 18, 2018April 18, 2018 FDX Sale $1,122,000 −10.3%−31.2%−30.9%
April 11, 2017April 7, 2017 FDX Sale $864,072 +12.3%+16.9%+7.8%
April 5, 2016April 4, 2016 FDX Sale $638,703 −8.8%+5.3%+3.9%
May 11, 2015May 8, 2015 FDX Sale $763,620 −2.6%−6.8%−5.1%
May 14, 2014May 12, 2014 FDX Sale $838,740 +3.1%+11.3%+11.6%
June 26, 2013June 25, 2013 FDX Sale $683,900 +8.6%+29.2%+30.8%
April 18, 2012April 17, 2012 FDX Sale $722,160 +3.4%−12.2%−11.5%
May 11, 2011May 10, 2011 FDX Sale $383,140 −3.0%−9.5%−10.4%
April 2, 2010April 1, 2010 FDX Sale $371,000 −9.1%−11.0%−12.7%

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 Walsh Paul S traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.