John H Schnatter - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of John H Schnatter. 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

Companies with Reported Insider Positions

The SEC filings indicate John H Schnatter has reported holdings or trades in the following companies:

How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by John H Schnatter. 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 PZZA / Papa John's International, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in PZZA / Papa John's International, Inc.. 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.

Insider Sales PZZA / Papa John's International, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in PZZA / Papa John's International, Inc.. 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 (%)
2020-02-10	PZZA	SCHNATTER JOHN H	1,000,000	63.2400	1,000,000	63.2400	63,240,000	37	35.5500	-27,690,000	-43.79
2019-12-06	PZZA	SCHNATTER JOHN H	54,490	59.6250	54,490	59.6250	3,248,966
2019-12-06	PZZA	SCHNATTER JOHN H	6,800	60.2980	6,800	60.2980	410,026
2019-12-05	PZZA	SCHNATTER JOHN H	43,349	59.8250	43,349	59.8250	2,593,354
2019-12-04	PZZA	SCHNATTER JOHN H	69,534	60.3750	69,534	60.3750	4,198,115
2019-12-04	PZZA	SCHNATTER JOHN H	7,807	59.6040	7,807	59.6040	465,328
2019-12-03	PZZA	SCHNATTER JOHN H	31,840	61.3700	31,840	61.3700	1,954,021
2019-12-03	PZZA	SCHNATTER JOHN H	84,973	60.3560	84,973	60.3560	5,128,630
2019-11-01	PZZA	SCHNATTER JOHN H	1,900,000	56.6000	1,900,000	56.6000	107,540,000
2019-10-25	PZZA	SCHNATTER JOHN H	100,000	57.5760	100,000	57.5760	5,757,600
2019-08-22	PZZA	SCHNATTER JOHN H	473,901	43.2200	473,901	43.2200	20,482,001
2019-08-22	PZZA	SCHNATTER JOHN H	1,960	44.0600	1,960	44.0600	86,358
2019-08-21	PZZA	SCHNATTER JOHN H	150,000	43.0950	150,000	43.0950	6,464,250
2019-08-20	PZZA	SCHNATTER JOHN H	100,000	42.7960	100,000	42.7960	4,279,600
2019-05-21	PZZA	SCHNATTER JOHN H	3,451,413	45.6250	3,451,413	45.6250	157,470,718
2019-05-16	PZZA	SCHNATTER JOHN H	78,428	50.0160	78,428	50.0160	3,922,655
2019-05-15	PZZA	SCHNATTER JOHN H	156,700	50.6500	156,700	50.6500	7,936,855
2019-05-14	PZZA	SCHNATTER JOHN H	42,783	50.9280	42,783	50.9280	2,178,853
2019-05-14	PZZA	SCHNATTER JOHN H	600	51.6490	600	51.6490	30,989
2019-05-10	PZZA	SCHNATTER JOHN H	114,061	52.6930	114,061	52.6930	6,010,216
2016-09-02	PZZA	SCHNATTER JOHN H	4,736	76.0000	4,736	76.0000	359,936
2016-08-29	PZZA	SCHNATTER JOHN H	35,603	76.0094	35,603	76.0094	2,706,163
2016-08-25	PZZA	SCHNATTER JOHN H	44,714	76.0067	44,714	76.0067	3,398,564
2016-08-24	PZZA	SCHNATTER JOHN H	22,261	76.0042	22,261	76.0042	1,691,929
2016-08-23	PZZA	SCHNATTER JOHN H	5,110	76.1202	5,110	76.1202	388,974
2016-08-22	PZZA	SCHNATTER JOHN H	6,373	76.0000	6,373	76.0000	484,348
2016-08-08	PZZA	SCHNATTER JOHN H	100	76.0100	100	76.0100	7,601
2016-08-08	PZZA	SCHNATTER JOHN H	6,343	76.0000	6,343	76.0000	482,068
2016-08-05	PZZA	SCHNATTER JOHN H	17,879	76.2671	17,879	76.2671	1,363,579
2015-02-26	PZZA	SCHNATTER JOHN H	2,416	64.0400	2,416	64.0400	154,721
2012-02-23	PZZA	SCHNATTER JOHN H	64,856	37.0879	64,856	37.0879	2,405,373

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

Insider Trading History

This table shows the complete list of insider trades made by John H Schnatter as disclosed to the Securities Exchange Commission (SEC).