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Linnen Edward P: insider trades

Officer at Avis Budget Group, Inc. No open-market purchases and 13 sales not made under a pre-set plan, reported from February 22, 2013 to April 30, 2026.

What happened after Linnen Edward P’s sales?

After their sales, the shares moved −8.7% against the index over 12 months on average (a negative figure means selling was the right call); 75% 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 −8.2% −13.9% 62% 11 −1.72 0.12 No reliable evidence
Sales, 12 months after the report 12 −8.7% −28.2% 75% 10 −1.00 0.34 No reliable evidence
Sales, 12 months after the trade 12 −5.3% −29.4% 75% 10 −0.87 0.41 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
Avis Budget Group, Inc. CAR EVP, Chief HR Officer013February 22, 2013April 30, 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
April 30, 2026April 30, 2026 CAR Sale $1,728,900 −30.6%not yetnot yet
August 18, 2025August 15, 2025 CAR Sale $1,568,283 −21.7%−28.6%−32.2%
February 17, 2023February 15, 2023 CAR Sale $1,770,834 −32.0%−82.3%−74.6%
November 4, 2022November 2, 2022 CAR Sale $1,987,020 −13.2%−38.0%−26.5%
November 5, 2021November 5, 2021 CAR Sale $2,258,762 −32.6%−2.7%−1.6%
March 5, 2021March 5, 2021 CAR Sale $518,667 +26.6%+138.8%+166.1%
May 8, 2018May 7, 2018 CAR Sale $225,600 −27.9%−27.8%−32.7%
August 31, 2017August 31, 2017 CAR Sale $108,270 +2.2%−35.4%−33.6%
August 25, 2016August 24, 2016 CAR Sale $146,760 +9.0%−23.1%−20.4%
March 5, 2015March 4, 2015 CAR Sale $163,566 −16.8%−52.1%−50.5%
August 8, 2014August 6, 2014 CAR Sale $298,150 −13.9%−43.7%−35.7%
February 28, 2014February 26, 2014 CAR Sale $237,915 +19.0%+15.3%+13.6%
February 22, 2013February 20, 2013 CAR Sale $161,537 +26.0%+75.5%+64.5%

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 Linnen Edward P traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.