Michael Jon Ward

Michael Jon Ward is a declared insider of Autoliv Inc, with filings sourced from SEC (Form 4). We count 23 filings; the first trade dates from 14 February 2010 and the latest from 28 February 2011.

On the open market, the record shows 1 purchase worth €40k and 13 sales worth €2.0M. The net balance comes to €1.9M 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. Besides market trades, the filings include 9 option exercises. In 2011 alone, the filings show no purchases and 9 sales.

The latest filing, published on 2 March 2011, reports an option exercise of €238k in Autoliv Inc. The last purchase on record was published on 17 February 2010, which is 6,109 days ago. 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.