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White Heather: insider trades

Officer at Genpact LTD. No open-market purchases and 17 sales not made under a pre-set plan, reported from May 21, 2018 to November 13, 2025.

What happened after White Heather’s sales?

After their sales, the shares moved −12.1% 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 17 −3.1% −2.2% 77% 8 −0.64 0.55 No reliable evidence
Sales, 12 months after the report 16 −12.1% −10.0% 69% 8 −1.81 0.11 No reliable evidence
Sales, 12 months after the trade 16 −13.6% −11.3% 69% 8 −2.11 0.073 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
Genpact LTD G SVP & Chief Legal Officer017May 21, 2018November 13, 2025

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 13, 2025November 11, 2025 G Sale $2,335,207 −15.2%not yetnot yet
February 18, 2025February 13, 2025 G Sale $221,000 −15.9%−42.2%−44.6%
November 26, 2024November 22, 2024 G Sale $118,236 +16.1%−19.0%−18.4%
January 12, 2023January 11, 2023 G Sale $244,112 −9.5%−46.6%−47.1%
November 22, 2022November 18, 2022 G Sale $433,600 +8.7%−38.3%−37.5%
September 9, 2022September 7, 2022 G Sale $732,069 −1.0%−31.9%−32.9%
August 16, 2022August 12, 2022 G Sale $725,400 −1.7%−28.1%−30.5%
January 12, 2022January 11, 2022 G Sale $792,889 −13.4%+5.0%+6.0%
August 18, 2021August 16, 2021 G Sale $670,508 −6.3%−1.8%−3.9%
January 13, 2021January 12, 2021 G Sale $638,205 −1.1%+4.0%+1.8%
August 12, 2020August 11, 2020 G Sale $210,848 −9.6%−8.9%−10.6%
June 9, 2020June 8, 2020 G Sale $190,000 0.0%−8.9%−11.7%
January 23, 2020January 22, 2020 G Sale $193,298 −11.8%−25.8%−24.2%
June 5, 2019June 3, 2019 G Sale $38,173 +8.2%−11.0%−10.9%
February 21, 2019February 19, 2019 G Sale $252,979 +6.8%+12.9%+10.2%
August 8, 2018August 6, 2018 G Sale $42,377 −2.2%+34.0%+21.7%
May 21, 2018May 17, 2018 G Sale $212,568 −5.3%+13.4%+14.4%

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