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Mangan Michael D: insider trades

Director at McCormick & Company. No open-market purchases and 12 sales not made under a pre-set plan, reported from February 2, 2017 to February 10, 2026.

What happened after Mangan Michael D’s sales?

After their sales, the shares moved −14.2% against the index over 12 months on average (a negative figure means selling was the right call); 64% 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 −8.8% −4.1% 75% 8 −2.52 0.040 Some evidence: seller right
Sales, 12 months after the report 11 −14.2% −25.6% 64% 7 −1.62 0.16 No reliable evidence
Sales, 12 months after the trade 11 −15.9% −30.7% 82% 7 −1.98 0.094 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
McCormick & Company MKC —012February 2, 2017February 10, 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
February 10, 2026February 9, 2026 MKC Sale $339,600 −42.3%not yetnot yet
November 8, 2024November 6, 2024 MKC Sale $395,000 −1.0%−25.6%−30.7%
November 4, 2024November 1, 2024 MKC Sale $392,500 −4.5%−33.2%−36.1%
February 20, 2024February 15, 2024 MKC Sale $326,000 +3.0%+1.4%−0.9%
August 22, 2023August 21, 2023 MKC Sale $418,150 −22.1%−29.2%−33.0%
February 21, 2023February 17, 2023 MKC Sale $375,000 +11.3%−37.7%−32.9%
November 14, 2022November 10, 2022 MKC Sale $410,000 −13.7%−34.2%−32.2%
November 17, 2020November 13, 2020 MKC Sale $916,500 −16.6%−40.5%−41.4%
August 20, 2019August 16, 2019 MKC Sale $850,000 −3.7%+9.9%+1.5%
October 25, 2018October 24, 2018 MKC Sale $710,000 −12.5%+2.6%−1.5%
October 31, 2017October 30, 2017 MKC Sale $497,500 −3.3%+39.9%+44.3%
February 2, 2017February 2, 2017 MKC Sale $475,450 0.0%−9.3%−12.2%

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 Mangan Michael D traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.