ROGERSON CRAIG A

The company totals show why the distinction matters. PPL has 162 transactions, 0 buy shares and 0 sell shares. CHMT has 100 transactions, 12,000 buy shares and 2,382,872 sell shares. That cross-issuer contrast means the headline count of 367 transactions can exaggerate intent unless awards, exercises, purchases, and sales are separated.

The sharp read is that transaction volume is mostly equity-plan plumbing, not a clean discretionary buy or sell campaign. Recent entries coded as A should not be treated as interchangeable: a sale, an open-market purchase, and an award all say different things about share flow. The notable pattern here is the way PPL compares with CHMT inside the same reporter record.