Wayne T. Smith

Wayne T. Smith (chief executive) discloses dealings in 3 companies, chiefly Community Health Systems Inc, Praxair Inc and Citadel Broadcasting Corp. Over a trading history stretching from 1 March 2006 to 2 March 2026, the count stands at 180 filings.

On the open market, the record shows 15 purchases worth €12.2M and 22 sales worth €71.7M. Taken together, the sales exceed the purchases by €59.4M. 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 59 share grants and 45 option exercises.

A typical purchase (the median) is worth €585k. 3 out of 10 purchases came within 30 days of a purchase by at least one other insider of the same company. A cluster is several different insiders buying the same stock within a short window, a pattern studied more closely than a single purchase. For 11 purchases whose 90-day window has closed, the share price was higher on day 90 than the day after publication in 36% of cases, with a median move of -6.9%. Past outcomes like these are no guarantee of what comes next.

The latest filing, published on 3 March 2026, reports a transaction in Community Health Systems Inc. The clock since the last published purchase (1 November 2023) now reads 1,104 days. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 1 day. For comparison, the SEC allows two business days to file a Form 4. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.