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Wall Daniel R: insider trades

Chief executive, Officer at Expeditors International. No open-market purchases and 14 sales not made under a pre-set plan, reported from May 6, 2011 to March 3, 2026.

What happened after Wall Daniel R’s sales?

After their sales, the shares moved −4.0% against the index over 12 months on average (a negative figure means selling was the right call); 62% 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 14 −1.5% −3.9% 71% 13 −0.75 0.47 No reliable evidence
Sales, 12 months after the report 13 −4.0% −2.2% 62% 12 −0.94 0.37 No reliable evidence
Sales, 12 months after the trade 13 −5.4% −2.2% 62% 12 −1.39 0.19 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
Expeditors International EXPD President and CEO014May 6, 2011March 3, 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
March 3, 2026February 27, 2026 EXPD Sale $884,927 −1.8%not yetnot yet
May 13, 2025May 12, 2025 EXPD Sale $1,158,636 −4.5%+10.5%+7.1%
June 10, 2021June 9, 2021 EXPD Sale $2,828,817 −5.2%−13.9%−14.6%
August 14, 2020August 12, 2020 EXPD Sale $13,466,044 −3.3%+11.7%+9.6%
March 12, 2019March 11, 2019 EXPD Sale $685,452 −5.6%−8.1%−12.4%
March 1, 2018February 27, 2018 EXPD Sale $330,400 +18.1%+14.2%+12.3%
February 28, 2017February 27, 2017 EXPD Sale $196,188 −7.2%−2.2%−0.8%
May 27, 2016May 26, 2016 EXPD Sale $489,700 +0.6%−5.8%−7.9%
March 8, 2016March 4, 2016 EXPD Sale $377,360 −1.0%−1.6%+1.0%
November 20, 2015November 18, 2015 EXPD Sale $980,000 +0.1%+0.7%−2.2%
March 13, 2014March 12, 2014 EXPD Sale $282,514 +9.8%+12.4%+8.8%
March 12, 2013March 11, 2013 EXPD Sale $78,734 −5.2%−15.8%−18.2%
February 28, 2012February 24, 2012 EXPD Sale $722,937 −8.9%−23.6%−23.9%
May 6, 2011May 6, 2011 EXPD Sale $223,451 −6.8%−30.5%−28.9%

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 Wall Daniel R traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.