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Zaba Kevin J: insider trades

Officer at 2 companies we cover. No open-market purchases and 11 sales not made under a pre-set plan, reported from May 15, 2019 to November 19, 2021.

What happened after Zaba Kevin J’s sales?

After their sales, the shares moved +14.8% against the index over 12 months on average (a negative figure means selling was the right call); 36% 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 11 +3.7% −1.4% 55% 3 — — Not enough years
Sales, 12 months after the report 11 +14.8% +4.6% 36% 3 — — Not enough years
Sales, 12 months after the trade 11 +13.4% +8.3% 27% 3 — — Not enough years

“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
Zurn Elkay Water Solutions Corp ZWS Group Ex., President-PMC010May 15, 2019September 9, 2021
Regal Rexnord Corp RRX President, Motion Control Sol.01November 19, 2021November 19, 2021

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
November 19, 2021November 17, 2021 RRX Sale $21,417 −1.4%−9.5%−10.6%
September 9, 2021September 7, 2021 ZWS Sale $1,151,280 +17.1%+2.8%+2.0%
May 27, 2021May 25, 2021 ZWS Sale $740,300 +16.5%+21.8%+19.4%
May 18, 2021May 14, 2021 ZWS Sale $6,309,834 +14.9%+15.7%+18.9%
May 14, 2021May 13, 2021 ZWS Sale $103,840 +13.1%+16.1%+19.5%
November 12, 2020November 10, 2020 ZWS Sale $2,376,102 +16.9%+77.3%+68.7%
June 10, 2020June 8, 2020 ZWS Sale $2,257,928 −4.3%+42.9%+32.4%
January 31, 2020January 30, 2020 ZWS Sale $4,373,200 −9.2%+4.6%−2.4%
December 12, 2019December 10, 2019 ZWS Sale $87,781 −2.8%0.0%+1.8%
May 29, 2019May 28, 2019 ZWS Sale $32,362 −12.3%−1.6%+8.3%
May 15, 2019May 14, 2019 ZWS Sale $141,371 −8.4%−7.3%−10.2%

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 Zaba Kevin J traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.