Géraldine Picaud

Géraldine Picaud (board member) discloses dealings in 2 companies, chiefly Holcim Ltd and Danone. Between 15 March 2021 and 29 July 2022, the trades on record add up to 12 filings.

In open-market terms, that means 4 purchases worth €142k on one side and 8 sales worth €1.6M on the other. Taken together, the sales exceed the purchases by €1.4M. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. 2022 to date brings 3 purchases and 4 sales.

A typical purchase (the median) is worth €39k. Clusters matter here: 1 out of 4 purchases overlapped with buying by a colleague within 30 days. Purchases made close together by different insiders form what is called a cluster. After 4 purchases with a full 90-day history, the hit rate stands at 0% and the median 90-day move at -3.1%. These figures describe past trades and do not predict future prices.

Most recently, on 2 August 2022, the filings show an open-market sale worth €305k in Holcim Ltd. The last purchase on record was published on 30 May 2022, which is 1,601 days ago. Between a trade and the moment it shows up on AMF, the median delay is 6 days. The legal deadline for notifying a trade is three business days (MAR article 19). Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification. These figures are compiled from regulatory filings published by AMF. They describe what insiders did and are not a recommendation.