undamentalytics Newsletter

Ashleman Eric D: insider trades

Chief executive, Officer, Director at 2 companies we cover. No open-market purchases and 16 sales not made under a pre-set plan, reported from June 2, 2014 to June 18, 2026.

What happened after Ashleman Eric D’s sales?

After their sales, the shares moved +0.9% against the index over 12 months on average (a negative figure means selling was the right call); 43% 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

Ashleman Eric D: trades against the S&P 500 afterwards
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 16 −2.8% +0.4% 50% 9 −1.44 0.19 No reliable evidence
Sales, 12 months after the report 14 +0.9% +1.9% 43% 8 0.04 0.97 No reliable evidence
Sales, 12 months after the trade 14 +1.2% +3.8% 36% 8 0.11 0.92 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
IDEX Corporation IEX CEO and President015June 2, 2014May 13, 2026
Modine Manufacturing Co MOD —01June 18, 2026June 18, 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
June 18, 2026June 16, 2026 MOD Sale $4,328,177 −37.3%not yetnot yet
May 13, 2026May 11, 2026 IEX Sale $3,311,233 +9.8%not yetnot yet
October 31, 2022October 28, 2022 IEX Sale $1,369,780 −7.6%−26.1%−22.3%
August 18, 2020August 14, 2020 IEX Sale $1,426,667 +5.1%−5.6%−4.7%
May 11, 2020May 8, 2020 IEX Sale $1,554,800 +1.7%+5.4%+3.1%
September 3, 2019August 29, 2019 IEX Sale $484,322 −8.6%−9.6%−11.4%
August 5, 2019August 1, 2019 IEX Sale $953,472 −6.6%−12.3%−13.7%
February 26, 2019February 22, 2019 IEX Sale $2,185,090 +4.9%−2.3%+1.0%
July 31, 2018July 30, 2018 IEX Sale $2,953,161 −13.5%+0.9%+6.8%
May 14, 2018May 11, 2018 IEX Sale $3,388,638 +6.1%+5.2%+4.4%
May 18, 2017May 16, 2017 IEX Sale $1,344,725 +3.9%+17.8%+15.7%
November 23, 2016November 22, 2016 IEX Sale $556,980 −8.6%+21.6%+21.1%
May 26, 2016May 24, 2016 IEX Sale $1,309,279 +9.4%+13.9%+13.4%
October 27, 2015October 26, 2015 IEX Sale $476,594 +1.6%+9.6%+8.2%
February 24, 2015February 24, 2015 IEX Sale $662,405 −0.8%+3.0%+4.5%
June 2, 2014May 30, 2014 IEX Sale $834,068 −3.5%−9.0%−9.6%

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 Ashleman Eric D traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.