Ferraro John Francis’s SEC Form 4 filings reveal a pattern driven entirely by compensation events rather than discretionary market timing. Across 40 filings spanning two companies, his total acquired value reached $879,619.47, with zero open-market purchases and zero sales. The dominant code is “A” (grant or award), which represents compensation and carries no conviction signal. The most significant single transaction was a $185,000 grant in Advance Auto Parts (AAP) on June 2, 2026, followed by a $179,985.42 award in ManpowerGroup (MAN) on January 1, 2026. Smaller recurring AAP grants appeared quarterly—$6,618.88 on July 24, 2026; $5,791.70 on April 24, 2026; $5,760.94 on January 23, 2026; and $5,734.64 on October 24, 2025—suggesting a structured equity compensation schedule.
The MAN filings cluster heavily on January 1 of both 2025 and 2026, with a series of modest awards ranging from roughly $1,576 to $8,848, alongside several option exercises (code “M”) valued at $0 on January 1, 2026. These zero-value exercises indicate the conversion of previously granted options with no cash outlay, a mechanical step rather than a directional bet. The absence of any “S” (open-market sale) or “P” (open-market purchase) transactions across the entire history means Ferraro has not expressed a buy or sell bias through voluntary trades in the covered period. His activity is purely passive, reflecting annual and quarterly vesting schedules at AAP and MAN, with the largest awards concentrated at the start of the calendar year.
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