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Felmer Thomas J: insider trades

Chief financial officer, Officer at Brady Corp. No open-market purchases and 20 sales not made under a pre-set plan, reported from December 7, 2012 to January 6, 2020.

What happened after Felmer Thomas J’s sales?

After their sales, the shares moved −13.3% against the index over 12 months on average (a negative figure means selling was the right call); 70% 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 20 −1.5% −2.9% 70% 8 −0.90 0.40 No reliable evidence
Sales, 12 months after the report 20 −13.3% −12.1% 70% 8 −1.63 0.15 No reliable evidence
Sales, 12 months after the trade 20 −14.7% −15.3% 75% 8 −1.68 0.14 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
Brady Corp BRC SRVP & Pres., Workplace Safety020December 7, 2012January 6, 2020

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
January 6, 2020January 2, 2020 BRC Sale $763,764 −3.4%−21.1%−24.2%
December 10, 2019December 6, 2019 BRC Sale $102,486 −8.4%−36.0%−39.3%
September 30, 2019September 26, 2019 BRC Sale $1,209,385 −1.0%−38.9%−38.5%
September 26, 2019September 25, 2019 BRC Sale $1,300,362 −1.0%−39.3%−35.9%
September 24, 2019September 20, 2019 BRC Sale $831,884 +0.2%−35.9%−36.5%
September 20, 2019September 19, 2019 BRC Sale $2,127,130 −0.1%−38.1%−32.9%
October 1, 2018September 27, 2018 BRC Sale $162,047 +16.7%+20.2%+20.1%
June 20, 2018June 18, 2018 BRC Sale $472,514 +6.1%+13.6%+13.6%
December 12, 2017December 12, 2017 BRC Sale $104,688 −5.1%+7.5%+8.5%
December 1, 2017November 30, 2017 BRC Sale $157,250 −4.4%+3.7%+7.9%
November 22, 2017November 21, 2017 BRC Sale $390,000 −8.5%+7.2%+6.9%
November 28, 2016November 23, 2016 BRC Sale $72,284 −3.8%−13.7%−15.2%
November 23, 2016November 22, 2016 BRC Sale $307,762 −5.9%−13.9%−15.4%
November 21, 2016November 18, 2016 BRC Sale $214,895 −4.2%−15.4%−15.9%
September 26, 2016September 22, 2016 BRC Sale $472,900 +6.0%−6.0%−10.7%
September 22, 2016September 20, 2016 BRC Sale $118,864 +4.4%−10.5%−11.7%
March 26, 2015March 24, 2015 BRC Sale $134,696 −9.1%+0.8%−2.0%
December 11, 2014December 9, 2014 BRC Sale $128,050 +3.7%−4.3%−5.8%
August 21, 2014December 6, 2012 BRC Sale $91,406 −9.7%−10.1%−33.4%
December 7, 2012December 6, 2012 BRC Sale $317,500 −2.4%−34.8%−33.4%

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 Felmer Thomas J traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.