{"scope": "industry", "title": "Business Equipment & Supplies", "sector": "Industrials", "industry": "Business Equipment & Supplies", "intelligence": {"score": 45, "label": "Balanced insider tape", "tone": "neutral", "stance": "Wait for clearer clustering", "brief": "Acquisition and disposal evidence is mixed after low-information compensation and derivative activity is separated out.", "confidence": 57, "confidence_label": "Developing", "filings": 62, "companies": 4, "insiders": 38, "signal_events": 10, "acquisition_events": 2, "disposal_events": 8, "acquisition_share": 20.0, "disposal_share": 80.0, "acquisition_value": 49999.33, "disposal_value": 1983504.2726, "net_value": -1933504.9426, "acquisition_value_label": "$50.0K", "disposal_value_label": "$2.0M", "net_value_label": "-$1.9M", "data_quality": 16, "priced_common_share": 16, "latest_date": "2026-07-16", "latest_signal_date": "2026-06-30", "oldest_date": "2026-05-19", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 29, "bar_width": 87.9}, {"key": "equity_award", "label": "Equity compensation", "count": 33, "bar_width": 100.0}, {"key": "derivative", "label": "Options and derivatives", "count": 0, "bar_width": 0.0}, {"key": "other", "label": "Other securities", "count": 0, "bar_width": 0.0}], "roles": [{"label": "Director", "count": 41, "bar_width": 100.0}, {"label": "Other or unspecified", "count": 14, "bar_width": 34.1}, {"label": "Other executive", "count": 5, "bar_width": 12.2}, {"label": "CEO and chair", "count": 2, "bar_width": 4.9}], "supports": ["Participation spans 38 named insiders rather than one filing source."], "risks": ["Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight.", "Most filings are awards, derivatives, unpriced common shares, or other securities and remain contextual.", "The latest qualifying filing is more than 30 days old."]}, "timeline": [{"start": "2026-05-25", "label": "25 May", "acquisitions": 0, "disposals": 1, "qualified_acquisitions": 0, "qualified_disposals": 1, "total": 1, "height": 6.7, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-06-01", "label": "01 Jun", "acquisitions": 3, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 3, "height": 20.0, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-06-08", "label": "08 Jun", "acquisitions": 4, "disposals": 11, "qualified_acquisitions": 0, "qualified_disposals": 7, "total": 15, "height": 100.0, "acquisition_height": 26.7, "disposal_height": 73.3}, {"start": "2026-06-15", "label": "15 Jun", "acquisitions": 8, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 8, "height": 53.3, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-06-22", "label": "22 Jun", "acquisitions": 5, "disposals": 0, "qualified_acquisitions": 1, "qualified_disposals": 0, "total": 5, "height": 33.3, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-06-29", "label": "29 Jun", "acquisitions": 1, "disposals": 0, "qualified_acquisitions": 1, "qualified_disposals": 0, "total": 1, "height": 6.7, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-07-06", "label": "06 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-07-13", "label": "13 Jul", "acquisitions": 8, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 8, "height": 53.3, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-07-20", "label": "20 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-07-27", "label": "27 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-08-03", "label": "03 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-08-10", "label": "10 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}], "peers": [{"label": "Tools & Accessories", "score": 68, "confidence": 85}, {"label": "Pollution & Treatment Controls", "score": 67, "confidence": 84}, {"label": "Specialty Business Services", "score": 65, "confidence": 92}, {"label": "Waste Management", "score": 65, "confidence": 88}, {"label": "Conglomerates", "score": 62, "confidence": 92}, {"label": "Electrical Equipment & Parts", "score": 60, "confidence": 91}, {"label": "Specialty Industrial Machinery", "score": 54, "confidence": 93}, {"label": "Farm & Heavy Construction Machinery", "score": 53, "confidence": 93}, {"label": "Engineering & Construction", "score": 53, "confidence": 91}, {"label": "Security & Protection Services", "score": 53, "confidence": 91}, {"label": "Rental & Leasing Services", "score": 48, "confidence": 92}, {"label": "Trucking", "score": 47, "confidence": 86}, {"label": "Business Equipment & Supplies", "score": 45, "confidence": 57}, {"label": "Industrial Distribution", "score": 42, "confidence": 92}, {"label": "Railroads", "score": 40, "confidence": 88}, {"label": "Building Products & Equipment", "score": 37, "confidence": 94}, {"label": "Aerospace & Defense", "score": 37, "confidence": 93}, {"label": "Metal Fabrication", "score": 37, "confidence": 90}, {"label": "Staffing & Employment Services", "score": 35, "confidence": 84}, {"label": "Integrated Freight & Logistics", "score": 32, "confidence": 84}, {"label": "Airlines", "score": 30, "confidence": 86}, {"label": "Consulting Services", "score": 26, "confidence": 84}, {"label": "Airports & Air Services", "score": 16, "confidence": 65}, {"label": "Marine Shipping", "score": 12, "confidence": 77}], "leaders": {"constructive": [{"symbol": "ACTG", "name": "Acacia Research Corporation", "score": 55, "confidence": 55}], "cautious": [{"symbol": "XRX", "name": "Xerox Corp", "score": 20, "confidence": 47}, {"symbol": "ACCO", "name": "Acco Brands Corporation", "score": 28, "confidence": 35}], "active": [{"symbol": "ACTG", "name": "Acacia Research Corporation", "score": 55, "confidence": 55}, {"symbol": "XRX", "name": "Xerox Corp", "score": 20, "confidence": 47}, {"symbol": "ACCO", "name": "Acco Brands Corporation", "score": 28, "confidence": 35}, {"symbol": "EBF", "name": "Ennis Inc", "score": 50, "confidence": 31}]}, "method": "Group reads measure breadth and conviction across controlled company-level insider evidence; they are classifications, not forecasts."}