Last 12 months
Inside the activity.
0 purchase rows · 1 sale rows
Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.Monthly counts
| Month | Purchases | Sales |
|---|---|---|
| Nov 2025 | 0 | 0 |
| Dec 2025 | 0 | 0 |
| Jan 2026 | 0 | 0 |
| Feb 2026 | 0 | 0 |
| Mar 2026 | 0 | 0 |
| Apr 2026 | 0 | 0 |
| May 2026 | 0 | 0 |
| Jun 2026 | 0 | 1 |
| Jul 2026 | 0 | 0 |
| Aug 2026 | 0 | 0 |
| Sep 2026 | 0 | 0 |
| Oct 2026 | 0 | 0 |
Latest available
Insider transactions
Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Owner / reported role | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| December 26, 2019 Filed Dec 30, 2019 21:27 UTC |
FREEMAN JAMES IDirector
|
GiftCommon Class A | 1,660 | $0.00 | $0.00 |
DisclosureSEC source: 0000028917-19-000466 · edgar.xml · nonDerivative · entry 1 FREEMAN JAMES I · CIK 0001180011 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 147,364 Read SEC document |
| December 09, 2019 Filed Dec 13, 2019 21:05 UTC |
DILLARD WILLIAM T IIDirector · CEO, Chairman of the Board
|
GiftCommon Class A | 977 | $0.00 | $0.00 |
DisclosureSEC source: 0000028917-19-000464 · edgar.xml · nonDerivative · entry 1 DILLARD WILLIAM T II · CIK 0001179684 · Director · CEO, Chairman of the Board 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,074,528 Read SEC document |
| November 25, 2019 Filed Nov 27, 2019 21:18 UTC |
Lucie Denise AlexandraVice President
|
GrantCommon Class A | 40 | $74.58 | $2,983.20 |
DisclosureSEC source: 0000028917-19-000447 · edgar.xml · nonDerivative · entry 1 Lucie Denise Alexandra · CIK 0001708000 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 37,184 Read SEC document |
| November 25, 2019 Filed Nov 27, 2019 21:25 UTC |
DILLARD MIKEDirector · Executive Vice President
|
GrantCommon Class A | 79 | $74.58 | $5,891.82 |
DisclosureSEC source: 0000028917-19-000457 · edgar.xml · nonDerivative · entry 1 DILLARD MIKE · CIK 0001180008 · Director · Executive Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 583,191 Read SEC document |
| November 25, 2019 Filed Nov 27, 2019 21:22 UTC |
Watts Phillip R.Senior Vice President
|
GrantCommon Class A | 57 | $74.58 | $4,251.06 |
DisclosureSEC source: 0000028917-19-000450 · edgar.xml · nonDerivative · entry 1 Watts Phillip R. · CIK 0001626240 · Senior Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 8,248 Read SEC document |
| November 25, 2019 Filed Nov 27, 2019 21:26 UTC |
DILLARD WILLIAM T IIDirector · CEO, Chairman of the Board
|
GrantCommon Class A | 110 | $74.58 | $8,203.80 |
DisclosureSEC source: 0000028917-19-000458 · edgar.xml · nonDerivative · entry 1 DILLARD WILLIAM T II · CIK 0001179684 · Director · CEO, Chairman of the Board 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,075,505 Read SEC document |
| November 25, 2019 Filed Nov 27, 2019 21:26 UTC |
MATHENY DRUEDirector · Executive Vice President
|
GrantCommon Class A | 79 | $74.58 | $5,891.82 |
DisclosureSEC source: 0000028917-19-000459 · edgar.xml · nonDerivative · entry 1 MATHENY DRUE · CIK 0001180017 · Director · Executive Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 443,715 Read SEC document |
| November 25, 2019 Filed Nov 27, 2019 21:24 UTC |
Mahaffy Denise DillardSenior Vice President
|
GrantCommon Class A | 66 | $74.58 | $4,922.28 |
DisclosureSEC source: 0000028917-19-000455 · edgar.xml · nonDerivative · entry 1 Dillard Deborah · CIK 0001592712 · Senior Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 130,771 Read SEC document |
| November 25, 2019 Filed Nov 27, 2019 21:25 UTC |
McNiff Michael S.Vice President
|
GrantCommon Class A | 173 | $74.58 | $12,902.34 |
DisclosureSEC source: 0000028917-19-000456 · edgar.xml · nonDerivative · entry 1 McNiff Michael S. · CIK 0001592742 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,561 Read SEC document |
| November 25, 2019 Filed Nov 27, 2019 21:24 UTC |
STOCKMAN JAMES DVice President
|
GrantCommon Class A | 67 | $74.58 | $4,996.86 |
DisclosureSEC source: 0000028917-19-000454 · edgar.xml · nonDerivative · entry 1 STOCKMAN JAMES D · CIK 0001707480 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 32,535 Read SEC document |
| November 25, 2019 Filed Nov 27, 2019 21:23 UTC |
BOLTE TONY JVice President
|
GrantCommon Class A | 58 | $74.58 | $4,325.64 |
DisclosureSEC source: 0000028917-19-000453 · edgar.xml · nonDerivative · entry 1 BOLTE TONY J · CIK 0001707575 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,181 Read SEC document |
| November 25, 2019 Filed Nov 27, 2019 21:23 UTC |
LITCHFORD MIKEVice President
|
GrantCommon Class A | 45 | $74.58 | $3,356.10 |
DisclosureSEC source: 0000028917-19-000452 · edgar.xml · nonDerivative · entry 1 LITCHFORD MIKE · CIK 0001675476 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,182 Read SEC document |
| November 25, 2019 Filed Nov 27, 2019 21:22 UTC |
Dillard William T. IIISenior Vice President
|
GrantCommon Class A | 79 | $74.58 | $5,891.82 |
DisclosureSEC source: 0000028917-19-000451 · edgar.xml · nonDerivative · entry 1 Dillard William T. III · CIK 0001592970 · Senior Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 30,246 Read SEC document |
| November 25, 2019 Filed Nov 27, 2019 21:19 UTC |
Worley Dean L.VP/General Counsel & Secretary
|
GrantCommon Class A | 51 | $74.58 | $3,803.58 |
DisclosureSEC source: 0000028917-19-000449 · edgar.xml · nonDerivative · entry 1 Worley Dean L. · CIK 0001626260 · VP/General Counsel & Secretary 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 4,345 Read SEC document |
| November 25, 2019 Filed Nov 27, 2019 21:18 UTC |
Jazic AnnemarieVice President
|
GrantCommon Class A | 35 | $74.58 | $2,610.30 |
DisclosureSEC source: 0000028917-19-000448 · edgar.xml · nonDerivative · entry 1 Jazic Annemarie · CIK 0001707990 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 38,659 Read SEC document |
| November 25, 2019 Filed Nov 27, 2019 21:17 UTC |
Johnson Chris B.Senior Vice President
|
GrantCommon Class A | 57 | $74.58 | $4,251.06 |
DisclosureSEC source: 0000028917-19-000446 · edgar.xml · nonDerivative · entry 1 Johnson Chris B. · CIK 0001626259 · Senior Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 7,104 Read SEC document |
| November 25, 2019 Filed Nov 27, 2019 21:17 UTC |
BOLIN TOM WVice President
|
GrantCommon Class A | 45 | $74.58 | $3,356.10 |
DisclosureSEC source: 0000028917-19-000444 · edgar.xml · nonDerivative · entry 1 BOLIN TOM W · CIK 0001675457 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,164 Read SEC document |
| November 25, 2019 Filed Nov 27, 2019 21:17 UTC |
MUSGRAVE BRANTCorporate VP Stores
|
GrantCommon Class A | 59 | $74.58 | $4,400.22 |
DisclosureSEC source: 0000028917-19-000445 · edgar.xml · nonDerivative · entry 1 MUSGRAVE BRANT · CIK 0001599725 · Corporate VP Stores 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,284 Read SEC document |
| November 25, 2019 Filed Nov 27, 2019 21:16 UTC |
DILLARD ALEXDirector · President
|
GrantCommon Class A | 110 | $74.58 | $8,203.80 |
DisclosureSEC source: 0000028917-19-000443 · edgar.xml · nonDerivative · entry 1 DILLARD ALEX · CIK 0001180004 · Director · President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,012,325 Read SEC document |
| November 22, 2019 Filed Nov 26, 2019 21:24 UTC |
FREEMAN JAMES IDirector
|
GiftCommon Class A | 8,000 | $0.00 | $0.00 |
DisclosureSEC source: 0000028917-19-000425 · edgar.xml · nonDerivative · entry 1 FREEMAN JAMES I · CIK 0001180011 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 149,024 Read SEC document |
| November 05, 2019 Filed Nov 7, 2019 22:29 UTC |
Worley Dean L.VP/General Counsel & Secretary
|
GrantCommon Class A | 5 | $72.59 | $362.95 |
DisclosureSEC source: 0000028917-19-000415 · edgar.xml · nonDerivative · entry 1 Worley Dean L. · CIK 0001626260 · VP/General Counsel & Secretary 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 4,294 Read SEC document |
| November 05, 2019 Filed Nov 7, 2019 22:30 UTC |
Johnson Chris B.Senior Vice President
|
GrantCommon Class A | 7 | $72.59 | $508.13 |
DisclosureSEC source: 0000028917-19-000418 · edgar.xml · nonDerivative · entry 1 Johnson Chris B. · CIK 0001626259 · Senior Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 7,047 Read SEC document |
| November 05, 2019 Filed Nov 7, 2019 22:28 UTC |
LITCHFORD MIKEVice President
|
GrantCommon Class A | 4 | $72.59 | $290.36 |
DisclosureSEC source: 0000028917-19-000413 · edgar.xml · nonDerivative · entry 1 LITCHFORD MIKE · CIK 0001675476 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,137 Read SEC document |
| November 05, 2019 Filed Nov 7, 2019 22:32 UTC |
DILLARD ALEXDirector · President
|
GrantCommon Class A | 176 | $72.59 | $12,775.84 |
DisclosureSEC source: 0000028917-19-000421 · edgar.xml · nonDerivative · entry 1 DILLARD ALEX · CIK 0001180004 · Director · President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,012,215 Read SEC document |
| November 05, 2019 Filed Nov 7, 2019 22:31 UTC |
BOLIN TOM WVice President
|
GrantCommon Class A | 1 | $72.59 | $72.59 |
DisclosureSEC source: 0000028917-19-000420 · edgar.xml · nonDerivative · entry 1 BOLIN TOM W · CIK 0001675457 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,119 Read SEC document |
| November 05, 2019 Filed Nov 7, 2019 22:31 UTC |
MUSGRAVE BRANTCorporate VP Stores
|
GrantCommon Class A | 1 | $72.59 | $72.59 |
DisclosureSEC source: 0000028917-19-000419 · edgar.xml · nonDerivative · entry 1 MUSGRAVE BRANT · CIK 0001599725 · Corporate VP Stores 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,225 Read SEC document |
| November 05, 2019 Filed Nov 7, 2019 22:30 UTC |
Lucie Denise AlexandraVice President
|
GrantCommon Class A | 2 | $72.59 | $145.18 |
DisclosureSEC source: 0000028917-19-000417 · edgar.xml · nonDerivative · entry 1 Lucie Denise Alexandra · CIK 0001708000 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 37,144 Read SEC document |
| November 05, 2019 Filed Nov 7, 2019 22:29 UTC |
Jazic AnnemarieVice President
|
GrantCommon Class A | 1 | $72.59 | $72.59 |
DisclosureSEC source: 0000028917-19-000416 · edgar.xml · nonDerivative · entry 1 Jazic Annemarie · CIK 0001707990 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 38,624 Read SEC document |
| November 05, 2019 Filed Nov 7, 2019 22:28 UTC |
Dillard William T. IIISenior Vice President
|
GrantCommon Class A | 10 | $72.59 | $725.90 |
DisclosureSEC source: 0000028917-19-000414 · edgar.xml · nonDerivative · entry 1 Dillard William T. III · CIK 0001592970 · Senior Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 30,167 Read SEC document |
| November 05, 2019 Filed Nov 7, 2019 22:28 UTC |
BOLTE TONY JVice President
|
GrantCommon Class A | 1 | $72.59 | $72.59 |
DisclosureSEC source: 0000028917-19-000412 · edgar.xml · nonDerivative · entry 1 BOLTE TONY J · CIK 0001707575 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,123 Read SEC document |
| November 05, 2019 Filed Nov 7, 2019 22:27 UTC |
STOCKMAN JAMES DVice President
|
GrantCommon Class A | 21 | $72.59 | $1,524.39 |
DisclosureSEC source: 0000028917-19-000411 · edgar.xml · nonDerivative · entry 1 STOCKMAN JAMES D · CIK 0001707480 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 32,468 Read SEC document |
| November 05, 2019 Filed Nov 7, 2019 22:27 UTC |
Mahaffy Denise DillardSenior Vice President
|
GrantCommon Class A | 53 | $72.59 | $3,847.27 |
DisclosureSEC source: 0000028917-19-000410 · edgar.xml · nonDerivative · entry 1 Dillard Deborah · CIK 0001592712 · Senior Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 130,705 Read SEC document |
| November 05, 2019 Filed Nov 7, 2019 22:26 UTC |
McNiff Michael S.Vice President
|
GrantCommon Class A | 19 | $72.59 | $1,379.21 |
DisclosureSEC source: 0000028917-19-000409 · edgar.xml · nonDerivative · entry 1 McNiff Michael S. · CIK 0001592742 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,388 Read SEC document |
| November 05, 2019 Filed Nov 7, 2019 22:26 UTC |
DILLARD MIKEDirector · Executive Vice President
|
GrantCommon Class A | 284 | $72.59 | $20,615.56 |
DisclosureSEC source: 0000028917-19-000408 · edgar.xml · nonDerivative · entry 1 DILLARD MIKE · CIK 0001180008 · Director · Executive Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 583,112 Read SEC document |
| November 05, 2019 Filed Nov 7, 2019 22:25 UTC |
DILLARD WILLIAM T IIDirector · CEO, Chairman of the Board
|
GrantCommon Class A | 395 | $72.59 | $28,673.05 |
DisclosureSEC source: 0000028917-19-000407 · edgar.xml · nonDerivative · entry 1 DILLARD WILLIAM T II · CIK 0001179684 · Director · CEO, Chairman of the Board 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,074,889 Read SEC document |
| November 05, 2019 Filed Nov 7, 2019 22:25 UTC |
MATHENY DRUEDirector · Executive Vice President
|
GrantCommon Class A | 97 | $72.59 | $7,041.23 |
DisclosureSEC source: 0000028917-19-000406 · edgar.xml · nonDerivative · entry 1 MATHENY DRUE · CIK 0001180017 · Director · Executive Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 443,636 Read SEC document |
| October 28, 2019 Filed Oct 30, 2019 20:37 UTC |
Mahaffy Denise DillardSenior Vice President
|
GrantCommon Class A | 66 | $74.65 | $4,926.90 |
DisclosureSEC source: 0000028917-19-000375 · edgar.xml · nonDerivative · entry 1 Dillard Deborah · CIK 0001592712 · Senior Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 130,652 Read SEC document |
| October 28, 2019 Filed Oct 30, 2019 20:44 UTC |
DILLARD WILLIAM T IIDirector · CEO, Chairman of the Board
|
GrantCommon Class A | 110 | $74.65 | $8,211.50 |
DisclosureSEC source: 0000028917-19-000385 · edgar.xml · nonDerivative · entry 1 DILLARD WILLIAM T II · CIK 0001179684 · Director · CEO, Chairman of the Board 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,074,494 Read SEC document |
| October 28, 2019 Filed Oct 30, 2019 20:22 UTC |
Jazic AnnemarieVice President
|
GrantCommon Class A | 35 | $74.65 | $2,612.75 |
DisclosureSEC source: 0000028917-19-000363 · edgar.xml · nonDerivative · entry 1 Jazic Annemarie · CIK 0001707990 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 38,623 Read SEC document |
| October 28, 2019 Filed Oct 30, 2019 20:47 UTC |
DILLARD MIKEDirector · Executive Vice President
|
GrantCommon Class A | 79 | $74.65 | $5,897.35 |
DisclosureSEC source: 0000028917-19-000389 · edgar.xml · nonDerivative · entry 1 DILLARD MIKE · CIK 0001180008 · Director · Executive Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 582,828 Read SEC document |
| October 28, 2019 Filed Oct 30, 2019 20:45 UTC |
DILLARD ALEXDirector · President
|
GrantCommon Class A | 110 | $74.65 | $8,211.50 |
DisclosureSEC source: 0000028917-19-000387 · edgar.xml · nonDerivative · entry 1 DILLARD ALEX · CIK 0001180004 · Director · President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,012,039 Read SEC document |
| October 28, 2019 Filed Oct 30, 2019 20:43 UTC |
MATHENY DRUEDirector · Executive Vice President
|
GrantCommon Class A | 79 | $74.65 | $5,897.35 |
DisclosureSEC source: 0000028917-19-000383 · edgar.xml · nonDerivative · entry 1 MATHENY DRUE · CIK 0001180017 · Director · Executive Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 443,539 Read SEC document |
| October 28, 2019 Filed Oct 30, 2019 20:41 UTC |
LITCHFORD MIKEVice President
|
GrantCommon Class A | 45 | $74.65 | $3,359.25 |
DisclosureSEC source: 0000028917-19-000381 · edgar.xml · nonDerivative · entry 1 LITCHFORD MIKE · CIK 0001675476 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,133 Read SEC document |
| October 28, 2019 Filed Oct 30, 2019 20:40 UTC |
BOLTE TONY JVice President
|
GrantCommon Class A | 58 | $74.65 | $4,329.70 |
DisclosureSEC source: 0000028917-19-000379 · edgar.xml · nonDerivative · entry 1 BOLTE TONY J · CIK 0001707575 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,122 Read SEC document |
| October 28, 2019 Filed Oct 30, 2019 20:39 UTC |
STOCKMAN JAMES DVice President
|
GrantCommon Class A | 67 | $74.65 | $5,001.55 |
DisclosureSEC source: 0000028917-19-000377 · edgar.xml · nonDerivative · entry 1 STOCKMAN JAMES D · CIK 0001707480 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 32,447 Read SEC document |
| October 28, 2019 Filed Oct 30, 2019 20:36 UTC |
McNiff Michael S.Vice President
|
GrantCommon Class A | 173 | $74.65 | $12,914.45 |
DisclosureSEC source: 0000028917-19-000373 · edgar.xml · nonDerivative · entry 1 McNiff Michael S. · CIK 0001592742 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,369 Read SEC document |
| October 28, 2019 Filed Oct 30, 2019 20:34 UTC |
BOLIN TOM WVice President
|
GrantCommon Class A | 45 | $74.65 | $3,359.25 |
DisclosureSEC source: 0000028917-19-000371 · edgar.xml · nonDerivative · entry 1 BOLIN TOM W · CIK 0001675457 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,118 Read SEC document |
| October 28, 2019 Filed Oct 30, 2019 20:32 UTC |
MUSGRAVE BRANTCorporate VP Stores
|
GrantCommon Class A | 59 | $74.65 | $4,404.35 |
DisclosureSEC source: 0000028917-19-000369 · edgar.xml · nonDerivative · entry 1 MUSGRAVE BRANT · CIK 0001599725 · Corporate VP Stores 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,224 Read SEC document |
| October 28, 2019 Filed Oct 30, 2019 20:25 UTC |
Johnson Chris B.Senior Vice President
|
GrantCommon Class A | 57 | $74.65 | $4,255.05 |
DisclosureSEC source: 0000028917-19-000367 · edgar.xml · nonDerivative · entry 1 Johnson Chris B. · CIK 0001626259 · Senior Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 7,040 Read SEC document |
| October 28, 2019 Filed Oct 30, 2019 20:23 UTC |
Lucie Denise AlexandraVice President
|
GrantCommon Class A | 40 | $74.65 | $2,986.00 |
DisclosureSEC source: 0000028917-19-000365 · edgar.xml · nonDerivative · entry 1 Lucie Denise Alexandra · CIK 0001708000 · Vice President 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 37,142 Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.