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Lou Michael H: insider trades

Chief financial officer, Officer at Chord Energy Corp. No open-market purchases and 13 sales not made under a pre-set plan, reported from March 17, 2011 to March 16, 2026.

What happened after Lou Michael H’s sales?

After their sales, the shares moved −18.2% 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 −4.0% −4.2% 67% 9 −1.85 0.10 No reliable evidence
Sales, 12 months after the report 11 −18.2% −12.7% 64% 8 −1.55 0.16 No reliable evidence
Sales, 12 months after the trade 11 −18.6% −13.3% 64% 8 −1.47 0.18 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
Chord Energy Corp CHRD EVP, CSO, and CCO013March 17, 2011March 16, 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 16, 2026March 12, 2026 CHRD Sale $1,882,017 −11.6%not yetnot yet
August 9, 2023August 8, 2023 CHRD Sale $1,230,736 +4.7%−17.6%−20.8%
October 2, 2020October 1, 2020 CHRD Sale $84,284 not yetnot yetnot yet
March 29, 2019March 27, 2019 CHRD Sale $241,600 −13.1%−86.4%−89.6%
May 17, 2018May 16, 2018 CHRD Sale $196,320 −10.7%−62.0%−63.5%
September 26, 2017September 22, 2017 CHRD Sale $131,550 −17.1%+32.3%+39.7%
May 30, 2014May 29, 2014 CHRD Sale $746,850 −4.6%−76.8%−78.1%
June 14, 2013June 12, 2013 CHRD Sale $1,444,450 −0.8%+3.6%+6.9%
December 19, 2012December 19, 2012 CHRD Sale $922,500 +13.5%+23.4%+24.6%
August 29, 2012August 27, 2012 CHRD Sale $1,168,400 +5.4%+17.3%+16.4%
November 15, 2011November 11, 2011 CHRD Sale $3,123,000 −3.6%−12.7%−14.0%
June 20, 2011June 20, 2011 CHRD Sale $533,600 +1.6%−17.0%−12.6%
March 17, 2011March 17, 2011 CHRD Sale $1,247,600 −11.7%−4.8%−13.3%

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