Thomas J. Leanse

Thomas J. Leanse discloses dealings in Macerich Co to SEC (Form 4). Over a trading history stretching from 15 November 2012 to 8 March 2016, the count stands at 15 filings.

The open-market side counts 4 purchases for €108k alongside 5 sales for €4.0M. The net balance comes to €3.9M on the selling side. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. The rest of the record consists of 1 option exercise. In 2016 alone, the filings show no purchases and 3 sales.

Half of the purchases are above €23k and half below. After 4 purchases with a full 90-day history, the hit rate stands at 50% and the median 90-day move at -3.9%. These figures describe past trades and do not predict future prices.

Most recently, on 8 March 2016, the filings show a transaction in Macerich Co. The clock since the last published purchase (21 June 2013) now reads 4,889 days. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. Section 16 rules allow two business days to file each Form 4. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.