Oshkosh Corporation
US ˙ NYSE ˙ US6882392011

Introduction

This page provides a comprehensive analysis of the known insider trading history of Mark M Radue. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

Companies with Reported Insider Positions

The SEC filings indicate Mark M Radue has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:OSK / Oshkosh Corporation EVP Chief Strategy Officer 47,267
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Mark M Radue. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases OSK / Oshkosh Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in OSK / Oshkosh Corporation. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Max
Price at
Max
Max
Profit ($)
Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

OSK / Oshkosh Corporation Insider Trades
Insider Sales OSK / Oshkosh Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in OSK / Oshkosh Corporation. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Min
Price at
Min
Max Loss
Avoided ($)
Max Loss
Avoided (%)
2017-08-07 OSK Radue Mark M 8,500 75.0000 8,500 75.0000 637,500 318 68.8500 -52,275 -8.20
2017-08-07 OSK Radue Mark M 6,667 75.0000 6,667 75.0000 500,025
2016-08-30 OSK Radue Mark M 3,133 54.3700 3,133 54.3700 170,341
2016-08-02 OSK Radue Mark M 2,000 53.3500 2,000 53.3500 106,700
2013-02-06 OSK Radue Mark M 20,000 39.9000 20,000 39.9000 798,000
2013-02-06 OSK Radue Mark M 13,333 39.9000 13,333 39.9000 531,987

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

OSK / Oshkosh Corporation Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Mark M Radue as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change
Share
Price
Tran
Value
Remaining
Value
2018-02-13 2018-02-12 4 OSK OSHKOSH CORP
Common Stock
A - Award 16 47,267 0.03 86.15 1,365 4,072,026
2017-12-06 2017-12-05 4 OSK OSHKOSH CORP
Restricted Stock Units
M - Exercise -2 1,821 -0.13
2017-12-06 2017-12-05 4 OSK OSHKOSH CORP
Common Stock
F - Taxes -2 47,227 0.00 90.04 -180 4,252,329
2017-12-06 2017-12-05 4 OSK OSHKOSH CORP
Common Stock
M - Exercise 2 47,229 0.01 90.04 218 4,252,509
2017-12-04 2017-11-30 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 7 1,824 0.40
2017-12-04 2017-11-30 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 4 1,429 0.27
2017-11-22 2017-11-21 4 OSK OSHKOSH CORP
Restricted Stock Units
M - Exercise -908 1,816 -33.33
2017-11-22 2017-11-21 4 OSK OSHKOSH CORP
Common Stock
F - Taxes -451 47,227 -0.95 86.23 -38,890 4,072,358
2017-11-22 2017-11-21 4 OSK OSHKOSH CORP
Common Stock
M - Exercise 908 47,678 1.94
2017-11-22 2017-11-20 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 2,100 2,100
2017-11-22 2017-11-20 4 OSK OSHKOSH CORP
Options
A - Award 3,375 3,375
2017-11-17 2017-11-16 4 OSK OSHKOSH CORP
Common Stock
A - Award 16 46,769 0.03 84.60 1,360 3,956,696
2017-11-14 2017-11-10 4 OSK OSHKOSH CORP
Restricted Stock Units
M - Exercise -1,424 1,425 -49.98
2017-11-14 2017-11-10 4 OSK OSHKOSH CORP
Common Stock
F - Taxes -707 46,753 -1.49 84.90 -60,024 3,969,361
2017-11-14 2017-11-10 4 OSK OSHKOSH CORP
Common Stock
M - Exercise 1,424 47,446 3.09
2017-10-17 2017-10-16 4 OSK OSHKOSH CORP
Common Stock
F - Taxes -1,724 46,022 -3.61 87.83 -151,419 4,042,084
2017-10-17 2017-10-16 4 OSK OSHKOSH CORP
Common Stock
A - Award 4,879 47,746 11.38 87.83 428,523 4,193,503
2017-09-18 2017-09-15 4 OSK OSHKOSH CORP
Restricted Stock Units
M - Exercise -1,280 0 -100.00
2017-09-18 2017-09-15 4 OSK OSHKOSH CORP
Common Stock
F - Taxes -449 42,867 -1.04 77.13 -34,631 3,306,307
2017-09-18 2017-09-15 4 OSK OSHKOSH CORP
Common Stock
M - Exercise 1,280 43,301 3.05
2017-09-05 2017-09-01 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 8 2,725 0.28
2017-09-05 2017-09-01 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 8 2,850 0.28
2017-09-05 2017-09-01 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 4 1,280 0.28
2017-08-22 2017-08-18 4 OSK OSHKOSH CORP
Common Stock
A - Award 16 42,021 0.04 73.38 1,187 3,083,509
2017-08-08 2017-08-07 4 OSK OSHKOSH CORP
Options
M - Exercise -6,667 0 -100.00
2017-08-08 2017-08-07 4 OSK OSHKOSH CORP
Options
M - Exercise -8,500 0 -100.00
2017-08-08 2017-08-07 4 OSK OSHKOSH CORP
Common Stock
S - Sale -6,667 41,974 -13.71 75.00 -500,025 3,148,039
2017-08-08 2017-08-07 4 OSK OSHKOSH CORP
Common Stock
M - Exercise 6,667 48,641 15.88 28.73 191,543 1,397,452
2017-08-08 2017-08-07 4 OSK OSHKOSH CORP
Common Stock
S - Sale -8,500 41,974 -16.84 75.00 -637,500 3,148,039
2017-08-08 2017-08-07 4 OSK OSHKOSH CORP
Common Stock
M - Exercise 8,500 50,474 20.25 54.63 464,355 2,757,387
2017-05-31 2017-05-26 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 9 2,717 0.32
2017-05-31 2017-05-26 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 9 2,842 0.32
2017-05-31 2017-05-26 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 4 1,276 0.32
2017-05-16 2017-05-12 4 OSK OSHKOSH CORP
Common Stock
A - Award 18 41,974 0.04 65.41 1,183 2,745,510
2017-02-28 2017-02-27 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 8 2,708 0.31
2017-02-28 2017-02-27 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 9 2,832 0.31
2017-02-28 2017-02-27 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 4 1,272 0.31
2017-02-14 2017-02-13 4 OSK OSHKOSH CORP
Common Stock
A - Award 17 41,922 0.04 68.33 1,179 2,864,555
2016-12-02 2016-12-01 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 8 2,824 0.30
2016-12-02 2016-12-01 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 4 1,268 0.30
2016-11-23 2016-11-21 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 2,700 2,700
2016-11-23 2016-11-21 4 OSK OSHKOSH CORP
Options
A - Award 6,625 6,625
2016-11-18 2016-11-17 4 OSK OSHKOSH CORP
Common Stock
A - Award 18 41,875 0.04 66.74 1,176 2,794,750
2016-11-15 2016-11-11 4 OSK OSHKOSH CORP
Restricted Stock Units
M - Exercise -1,407 2,815 -33.33
2016-11-15 2016-11-11 4 OSK OSHKOSH CORP
Common Stock
F - Taxes -493 41,858 -1.16 65.71 -32,395 2,750,461
2016-11-15 2016-11-11 4 OSK OSHKOSH CORP
Common Stock
M - Exercise 1,407 42,328 3.44
2016-10-19 2016-10-18 4 OSK OSHKOSH CORP
Common Stock
F - Taxes -698 40,921 -1.68 53.30 -37,203 2,181,081
2016-10-19 2016-10-18 4 OSK OSHKOSH CORP
Common Stock
A - Award 1,993 41,619 5.03 53.30 106,227 2,218,285
2016-09-19 2016-09-16 4 OSK OSHKOSH CORP
Restricted Stock Units
M - Exercise -1,253 0 -100.00
2016-09-19 2016-09-16 4 OSK OSHKOSH CORP
Common Stock
F - Taxes -439 39,626 -1.10 55.90 -24,540 2,215,085
2016-09-19 2016-09-16 4 OSK OSHKOSH CORP
Common Stock
M - Exercise 1,253 40,046 3.23
2016-09-19 2016-09-15 4 OSK OSHKOSH CORP
Restricted Stock Units
M - Exercise -1,265 1,265 -50.00
2016-09-19 2016-09-15 4 OSK OSHKOSH CORP
Common Stock
F - Taxes -443 38,793 -1.13 56.17 -24,883 2,179,027
2016-09-19 2016-09-15 4 OSK OSHKOSH CORP
Common Stock
M - Exercise 1,265 39,236 3.33
2016-09-01 2016-08-30 4 OSK OSHKOSH CORP
Options
M - Exercise -3,133 1,567 -66.66
2016-09-01 2016-08-30 4 OSK OSHKOSH CORP
Common Stock
S - Sale -3,133 37,972 -7.62 54.37 -170,341 2,064,527
2016-09-01 2016-08-30 4 OSK OSHKOSH CORP
Common Stock
M - Exercise 3,133 41,105 8.25 47.33 148,285 1,945,490
2016-08-30 2016-08-29 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 15 4,223 0.35
2016-08-30 2016-08-29 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 9 2,529 0.35
2016-08-30 2016-08-29 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 4 1,253 0.35
2016-08-16 2016-08-15 4 OSK OSHKOSH CORP
Common Stock
A - Award 20 37,972 0.05 53.97 1,060 2,049,338
2016-08-03 2016-08-02 4 OSK OSHKOSH CORP
Options
M - Exercise -2,000 0 -100.00
2016-08-03 2016-08-02 4 OSK OSHKOSH CORP
Common Stock
S - Sale -2,000 37,952 -5.01 53.35 -106,700 2,024,748
2016-08-03 2016-08-02 4 OSK OSHKOSH CORP
Common Stock
M - Exercise 2,000 39,911 5.28 49.98 99,960 1,994,752
2016-06-02 2016-05-31 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 17 4,208 0.41
2016-06-02 2016-05-31 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 10 2,520 0.41
2016-06-02 2016-05-31 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 5 1,249 0.41
2016-05-17 2016-05-16 4 OSK OSHKOSH CORP
Common Stock
A - Award 23 37,911 0.06 45.68 1,056 1,731,775
2016-03-03 2016-03-01 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 22 4,190 0.54
2016-03-03 2016-03-01 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 13 2,510 0.54
2016-03-03 2016-03-01 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 7 1,244 0.54
2016-02-18 2016-02-16 4 OSK OSHKOSH CORP
Common Stock
A - Award 31 37,832 0.08 33.48 1,050 1,266,626
2015-12-01 2015-11-30 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 18 4,168 0.43
2015-12-01 2015-11-30 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 11 2,497 0.43
2015-12-01 2015-11-30 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 5 1,237 0.43
2015-11-18 2015-11-16 4 OSK OSHKOSH CORP
Common Stock
A - Award 25 37,751 0.07 42.13 1,045 1,590,446
2015-11-16 2015-11-12 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 4,150 4,150
2015-11-16 2015-11-12 4 OSK OSHKOSH CORP
Options
A - Award 9,600 9,600
2015-10-19 2015-10-15 4 OSK OSHKOSH CORP
Common Stock
F - Taxes -1,407 37,708 -3.60 39.68 -55,830 1,496,254
2015-10-19 2015-10-15 4 OSK OSHKOSH CORP
Common Stock
A - Award 4,020 39,101 11.46 39.68 159,514 1,551,531
2015-09-21 2015-09-17 4 OSK OSHKOSH CORP
Common Stock
F - Taxes -817 35,081 -2.28 39.70 -32,435 1,392,719
2015-09-17 2015-09-16 4 OSK OSHKOSH CORP
Restricted Stock Units
M - Exercise -1,232 1,232 -50.00
2015-09-17 2015-09-16 4 OSK OSHKOSH CORP
Common Stock
F - Taxes -432 35,876 -1.19 40.86 -17,652 1,465,899
2015-09-17 2015-09-16 4 OSK OSHKOSH CORP
Common Stock
M - Exercise 1,232 36,308 3.51
2015-09-17 2015-09-15 4 OSK OSHKOSH CORP
Restricted Stock Units
M - Exercise -1,243 2,486 -33.33
2015-09-17 2015-09-15 4 OSK OSHKOSH CORP
Common Stock
F - Taxes -436 35,077 -1.23 39.58 -17,257 1,388,333
2015-09-17 2015-09-15 4 OSK OSHKOSH CORP
Common Stock
M - Exercise 1,243 35,513 3.63
2015-09-01 2015-08-31 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 15 3,729 0.40
2015-09-01 2015-08-31 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 10 2,463 0.40
2015-08-18 2015-08-17 4 OSK OSHKOSH CORP
Common Stock
A - Award 24 34,270 0.07 39.43 931 1,351,255
2015-06-01 2015-05-28 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 12 3,714 0.33
2015-06-01 2015-05-28 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 8 2,453 0.33
2015-05-18 2015-05-14 4 OSK OSHKOSH CORP
Common Stock
A - Award 17 34,197 0.05 54.90 928 1,877,442
2015-02-27 2015-02-26 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 13 3,701 0.35
2015-02-27 2015-02-26 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 8 2,445 0.35
2015-02-17 2015-02-12 4 OSK OSHKOSH CORP
Common Stock
A - Award 20 34,143 0.06 46.01 925 1,570,909
2014-12-03 2014-12-02 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 14 3,689 0.37
2014-12-03 2014-12-02 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 9 2,437 0.37
2014-11-19 2014-11-18 4 OSK OSHKOSH CORP
Common Stock
A - Award 19 34,082 0.06 47.86 921 1,631,142
2014-10-16 2014-10-15 4 OSK OSHKOSH CORP
Common Stock
F - Taxes -6,033 34,045 -15.05 41.15 -248,258 1,400,970
2014-10-16 2014-10-15 4 OSK OSHKOSH CORP
Common Stock
A - Award 17,236 40,067 75.49 41.15 709,261 1,648,758
2014-09-22 2014-09-19 4 OSK OSHKOSH CORP
Common Stock
F - Taxes -700 22,831 -2.97 47.21 -33,047 1,077,853
2014-09-18 2014-09-17 4 OSK OSHKOSH CORP
Common Stock
F - Taxes -819 23,531 -3.36 46.72 -38,264 1,099,370
2014-09-17 2014-09-16 4 OSK OSHKOSH CORP
Restricted Stock Units
M - Exercise -1,214 2,428 -33.33
2014-09-17 2014-09-16 4 OSK OSHKOSH CORP
Common Stock
F - Taxes -427 24,350 -1.72 46.72 -19,949 1,137,634
2014-09-17 2014-09-16 4 OSK OSHKOSH CORP
Common Stock
M - Exercise 1,214 24,760 5.15
2014-09-17 2014-09-15 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 3,675 3,675
2014-09-17 2014-09-15 4 OSK OSHKOSH CORP
Options
A - Award 7,675 7,675
2014-09-02 2014-08-28 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 11 3,641 0.30
2014-08-15 2014-08-14 4 OSK OSHKOSH CORP
Common Stock
A - Award 17 23,546 0.07 48.04 810 1,131,169
2014-05-30 2014-05-29 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 10 3,630 0.27
2014-05-19 2014-05-15 4 OSK OSHKOSH CORP
Common Stock
A - Award 15 23,490 0.07 52.19 808 1,225,945
2014-02-28 2014-02-27 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 9 3,620 0.26
2014-02-14 2014-02-13 4 OSK OSHKOSH CORP
Common Stock
A - Award 15 23,443 0.06 54.18 806 1,270,130
2013-12-03 2013-12-02 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 11 3,611 0.31
2013-11-19 2013-11-18 4 OSK OSHKOSH CORP
Common Stock
A - Award 16 23,387 0.07 49.89 804 1,166,777
2013-09-23 2013-09-20 4 OSK OSHKOSH CORP
Common Stock
F - Taxes -586 23,350 -2.45 48.46 -28,398 1,131,550
2013-09-23 2013-09-19 4 OSK OSHKOSH CORP
Common Stock
F - Taxes -702 23,936 -2.85 48.97 -34,377 1,172,155
2013-09-18 2013-09-17 4 OSK OSHKOSH CORP
Common Stock
F - Taxes -819 24,638 -3.22 47.70 -39,066 1,175,242
2013-09-18 2013-09-16 4 OSK OSHKOSH CORP
Restricted Stock Units
A - Award 3,600 3,600
2013-09-18 2013-09-16 4 OSK OSHKOSH CORP
Options
A - Award 4,700 4,700
2013-02-08 2013-02-06 4 OSK OSHKOSH CORP
Options
M - Exercise -13,333 6,667 -66.66
2013-02-08 2013-02-06 4 OSK OSHKOSH CORP
Options
M - Exercise -20,000 0 -100.00
2013-02-08 2013-02-06 4 OSK OSHKOSH CORP
Common Stock
S - Sale -13,333 25,364 -34.45 39.90 -531,987 1,012,032
2013-02-08 2013-02-06 4 OSK OSHKOSH CORP
Common Stock
M - Exercise 13,333 38,608 52.75 28.73 383,057 1,109,202
2013-02-08 2013-02-06 4 OSK OSHKOSH CORP
Common Stock
S - Sale -20,000 25,275 -44.17 39.90 -798,000 1,008,464
2013-02-08 2013-02-06 4 OSK OSHKOSH CORP
Common Stock
M - Exercise 20,000 45,275 79.13 32.10 642,000 1,453,320
2012-09-19 2012-09-17 4 OSK OSHKOSH CORP
Options
A - Award 12,000 12,000
2012-09-19 2012-09-17 4 OSK OSHKOSH CORP
Common Stock
A - Award 7,000 25,275 38.30
2012-01-03 2011-12-30 4 OSK OSHKOSH CORP
Common Stock
A - Award 58 18,053 0.32 21.38 1,250 385,972
2011-02-08 3 OSK OSHKOSH CORP
Common Stock
10,574
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)