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Jensen Traci L: insider trades

Officer at Fuller H B Co. No open-market purchases and 13 sales not made under a pre-set plan, reported from August 16, 2013 to August 11, 2023.

What happened after Jensen Traci L’s sales?

After their sales, the shares moved −6.8% against the index over 12 months on average (a negative figure means selling was the right call); 69% 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 13 +0.8% +2.2% 31% 8 1.12 0.30 No reliable evidence
Sales, 12 months after the report 13 −6.8% −8.9% 69% 8 −0.56 0.59 No reliable evidence
Sales, 12 months after the trade 13 −8.2% −8.4% 69% 8 −0.98 0.36 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
Fuller H B Co FUL Executive VP and CAO013August 16, 2013August 11, 2023

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
August 11, 2023August 9, 2023 FUL Sale $1,628,730 +3.5%−10.5%−9.0%
February 1, 2022January 31, 2022 FUL Sale $1,642,981 +3.5%+12.4%+6.2%
February 11, 2021February 10, 2021 FUL Sale $213,857 +13.5%+9.3%+6.0%
July 23, 2020July 22, 2020 FUL Sale $568,218 +2.8%+4.4%+4.2%
January 31, 2020January 30, 2020 FUL Sale $441,186 −13.0%−6.0%−8.4%
November 14, 2018November 13, 2018 FUL Sale $189,975 +6.2%−8.9%−5.6%
August 13, 2018August 9, 2018 FUL Sale $258,985 −15.2%−27.4%−26.2%
October 4, 2017October 2, 2017 FUL Sale $315,185 −11.1%−24.3%−29.6%
April 3, 2017March 31, 2017 FUL Sale $149,107 −1.5%−14.5%−16.6%
February 17, 2017February 15, 2017 FUL Sale $796,010 +0.1%−10.9%−12.5%
February 6, 2017February 3, 2017 FUL Sale $206,786 +2.2%−17.5%−20.3%
March 30, 2016March 29, 2016 FUL Sale $298,637 +0.2%+9.0%+8.4%
August 16, 2013August 14, 2013 FUL Sale $306,970 +19.1%−3.4%−3.1%

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 Jensen Traci L traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.