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Whitehurst Julian E: insider trades

Chief executive, Officer at NNN Reit, Inc. No open-market purchases and 23 sales not made under a pre-set plan, reported from March 10, 2010 to March 16, 2021.

What happened after Whitehurst Julian E’s sales?

After their sales, the shares moved −5.3% against the index over 12 months on average (a negative figure means selling was the right call); 61% 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 23 −2.1% +1.4% 48% 12 −0.95 0.36 No reliable evidence
Sales, 12 months after the report 23 −5.3% −5.6% 61% 12 −0.96 0.36 No reliable evidence
Sales, 12 months after the trade 23 −5.3% −5.3% 61% 12 −0.90 0.39 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
NNN Reit, Inc. NNN President and CEO023March 10, 2010March 16, 2021

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
March 16, 2021March 15, 2021 NNN Sale $1,521,734 +2.8%−10.6%−9.1%
November 25, 2020November 23, 2020 NNN Sale $804,966 +6.0%−5.6%−10.7%
March 12, 2020March 11, 2020 NNN Sale $786,954 −38.8%−49.9%−47.9%
February 25, 2019February 22, 2019 NNN Sale $1,792,129 +1.4%−1.0%−2.2%
August 31, 2018August 30, 2018 NNN Sale $1,203,548 +13.6%+20.7%+27.1%
May 15, 2018May 14, 2018 NNN Sale $1,023,746 +12.7%+34.1%+33.3%
August 25, 2017August 24, 2017 NNN Sale $721,943 −2.1%−2.5%−2.6%
April 4, 2017April 3, 2017 NNN Sale $656,400 −14.5%−18.6%−19.6%
February 22, 2017February 21, 2017 NNN Sale $787,168 −18.0%−30.1%−30.1%
June 29, 2016June 28, 2016 NNN Sale $1,376,677 −2.9%−39.1%−39.7%
April 5, 2016April 4, 2016 NNN Sale $460,500 +12.7%−17.6%−17.6%
February 18, 2016February 17, 2016 NNN Sale $1,407,526 −7.8%−22.1%−22.1%
September 23, 2015September 21, 2015 NNN Sale $925,679 +2.5%+33.6%+29.6%
February 24, 2015February 23, 2015 NNN Sale $1,340,597 −6.8%+21.3%+18.3%
June 20, 2014June 18, 2014 NNN Sale $364,300 −6.6%−10.2%−5.3%
May 7, 2013May 6, 2013 NNN Sale $1,260,174 −21.2%−27.1%−27.6%
November 20, 2012November 20, 2012 NNN Sale $441,386 +2.4%−20.0%−19.3%
August 16, 2012August 16, 2012 NNN Sale $364,440 +3.3%−11.8%−11.3%
February 27, 2012February 24, 2012 NNN Sale $570,628 +4.2%+22.7%+22.2%
August 30, 2011August 30, 2011 NNN Sale $131,400 −4.3%+3.0%+3.8%
March 4, 2011March 2, 2011 NNN Sale $278,630 −0.6%+4.8%+4.2%
May 20, 2010May 18, 2010 NNN Sale $255,761 +11.8%+0.6%+3.6%
March 10, 2010March 10, 2010 NNN Sale $455,559 +1.4%+2.3%+1.8%

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 Whitehurst Julian E traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.