"According to the EU Market Abuse Regulation (MAR), a person discharging managerial responsibilities (PDMR) and persons closely associated with them must notify transactions promptly and no later than three business days after the date of the transaction. Both the person subject to the notification obligation and the company must ensure this deadline is met.
If the trades were made on March 4–5, 2026, the market should normally have received the information by approximately March 9–10, 2026, depending on the calculation of business days."
The CFO bought about €25k worth of shares in early March, at which point Q1 is already well underway and information asymmetry vs. the market can be assumed.
Doesn’t seem like this went quite by-the-book? It says something, even though purchases are generally a positive signal.