James T Ryan
CIK 1187064 · View on SEC EDGAR ↗
First SEC filing: Jan. 8, 2015 · Latest: Jan. 8, 2015
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Insider transactions
Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted
| Date | Ticker | Code | Shares | Price | Value | Owned after | Δ own | A/D | vs now |
|---|---|---|---|---|---|---|---|---|---|
| Feb. 16, 2017 | GWW | S 10b5-1 | 2,369 | $252.46 | $598,078 | 163,478 Direct | -1.43% | Disposed | 424.6% (price as of 2026-08-19) |
| Jan. 3, 2017 | GWW | S 10b5-1 | 65,000 | $234.17 | $15,221,050 | 163,478 Direct | -28.45% | Disposed | 465.6% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $218.29 | $21,829 | 187,774 Direct | -0.05% | Disposed | 506.7% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 500 | $218.29 | $109,145 | 187,874 Direct | -0.27% | Disposed | 506.7% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $218.26 | $21,826 | 188,374 Direct | -0.05% | Disposed | 506.8% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 800 | $218.25 | $174,600 | 188,474 Direct | -0.42% | Disposed | 506.8% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 300 | $218.24 | $65,472 | 189,274 Direct | -0.16% | Disposed | 506.8% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 200 | $218.23 | $43,646 | 189,574 Direct | -0.11% | Disposed | 506.9% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 400 | $218.21 | $87,284 | 189,774 Direct | -0.21% | Disposed | 506.9% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $218.20 | $21,820 | 190,174 Direct | -0.05% | Disposed | 506.9% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 350 | $218.18 | $76,363 | 190,274 Direct | -0.18% | Disposed | 507.0% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 500 | $218.16 | $109,080 | 190,624 Direct | -0.26% | Disposed | 507.1% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 200 | $218.15 | $43,630 | 191,124 Direct | -0.10% | Disposed | 507.1% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 200 | $218.13 | $43,626 | 191,324 Direct | -0.10% | Disposed | 507.1% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 150 | $218.12 | $32,718 | 191,524 Direct | -0.08% | Disposed | 507.2% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $218.11 | $21,811 | 191,674 Direct | -0.05% | Disposed | 507.2% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $218.11 | $21,811 | 191,774 Direct | -0.05% | Disposed | 507.2% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 61 | $218.11 | $13,305 | 191,874 Direct | -0.03% | Disposed | 507.2% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 400 | $218.10 | $87,240 | 191,935 Direct | -0.21% | Disposed | 507.2% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $218.09 | $21,809 | 192,335 Direct | -0.05% | Disposed | 507.2% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 1,220 | $218.08 | $266,058 | 192,435 Direct | -0.63% | Disposed | 507.3% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 1,600 | $218.07 | $348,912 | 193,655 Direct | -0.82% | Disposed | 507.3% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 1,885 | $218.06 | $411,043 | 195,255 Direct | -0.96% | Disposed | 507.3% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 1,106 | $218.05 | $241,163 | 197,140 Direct | -0.56% | Disposed | 507.4% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $218.04 | $21,804 | 198,246 Direct | -0.05% | Disposed | 507.4% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 1,000 | $218.04 | $218,040 | 198,346 Direct | -0.50% | Disposed | 507.4% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $218.03 | $21,803 | 199,346 Direct | -0.05% | Disposed | 507.4% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 400 | $218.01 | $87,204 | 199,446 Direct | -0.20% | Disposed | 507.5% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $218.33 | $21,833 | 187,674 Direct | -0.05% | Disposed | 506.6% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 800 | $218.34 | $174,672 | 186,874 Direct | -0.43% | Disposed | 506.6% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $218.71 | $21,871 | 168,666 Direct | -0.06% | Disposed | 505.5% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 200 | $218.70 | $43,740 | 168,766 Direct | -0.12% | Disposed | 505.6% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 2,000 | $218.69 | $437,380 | 168,966 Direct | -1.17% | Disposed | 505.6% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $218.68 | $21,868 | 170,966 Direct | -0.06% | Disposed | 505.6% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $218.66 | $21,866 | 171,066 Direct | -0.06% | Disposed | 505.7% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $218.65 | $21,865 | 171,166 Direct | -0.06% | Disposed | 505.7% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $218.63 | $21,863 | 171,266 Direct | -0.06% | Disposed | 505.7% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 700 | $218.61 | $153,027 | 171,366 Direct | -0.41% | Disposed | 505.8% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 400 | $218.60 | $87,440 | 172,066 Direct | -0.23% | Disposed | 505.8% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 1,400 | $218.59 | $306,026 | 172,466 Direct | -0.81% | Disposed | 505.9% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $218.58 | $21,858 | 173,866 Direct | -0.06% | Disposed | 505.9% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 200 | $218.57 | $43,714 | 173,966 Direct | -0.11% | Disposed | 505.9% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 1,000 | $218.56 | $218,560 | 174,166 Direct | -0.57% | Disposed | 505.9% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $218.55 | $21,855 | 175,166 Direct | -0.06% | Disposed | 506.0% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 2,000 | $218.54 | $437,080 | 175,266 Direct | -1.13% | Disposed | 506.0% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 400 | $218.51 | $87,404 | 177,266 Direct | -0.23% | Disposed | 506.1% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $218.50 | $21,850 | 177,666 Direct | -0.06% | Disposed | 506.1% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 1,100 | $218.49 | $240,339 | 177,766 Direct | -0.61% | Disposed | 506.1% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 870 | $218.46 | $190,060 | 178,866 Direct | -0.48% | Disposed | 506.2% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 1,000 | $218.45 | $218,450 | 179,736 Direct | -0.55% | Disposed | 506.2% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 200 | $218.43 | $43,686 | 180,736 Direct | -0.11% | Disposed | 506.3% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $218.42 | $21,842 | 180,936 Direct | -0.06% | Disposed | 506.3% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 1,221 | $218.40 | $266,666 | 181,036 Direct | -0.67% | Disposed | 506.4% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 200 | $218.39 | $43,678 | 182,257 Direct | -0.11% | Disposed | 506.4% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 800 | $218.38 | $174,704 | 182,457 Direct | -0.44% | Disposed | 506.4% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 1,700 | $218.37 | $371,229 | 183,257 Direct | -0.92% | Disposed | 506.5% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 1,800 | $218.36 | $393,048 | 184,957 Direct | -0.96% | Disposed | 506.5% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 117 | $218.35 | $25,547 | 186,757 Direct | -0.06% | Disposed | 506.5% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 115 | $217.99 | $25,069 | 199,846 Direct | -0.06% | Disposed | 507.5% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $217.99 | $21,799 | 199,961 Direct | -0.05% | Disposed | 507.5% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $217.98 | $21,798 | 200,061 Direct | -0.05% | Disposed | 507.6% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $217.97 | $21,797 | 200,161 Direct | -0.05% | Disposed | 507.6% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 600 | $217.97 | $130,782 | 200,261 Direct | -0.30% | Disposed | 507.6% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 600 | $217.96 | $130,776 | 200,861 Direct | -0.30% | Disposed | 507.6% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $217.96 | $21,796 | 201,461 Direct | -0.05% | Disposed | 507.6% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $217.95 | $21,795 | 201,561 Direct | -0.05% | Disposed | 507.6% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 1,000 | $217.94 | $217,940 | 201,661 Direct | -0.49% | Disposed | 507.7% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 200 | $217.94 | $43,588 | 202,661 Direct | -0.10% | Disposed | 507.7% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 1,100 | $217.93 | $239,723 | 202,861 Direct | -0.54% | Disposed | 507.7% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 1,313 | $217.92 | $286,129 | 203,961 Direct | -0.64% | Disposed | 507.7% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $217.92 | $21,792 | 205,274 Direct | -0.05% | Disposed | 507.7% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 700 | $217.91 | $152,537 | 205,374 Direct | -0.34% | Disposed | 507.8% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 200 | $217.90 | $43,580 | 206,074 Direct | -0.10% | Disposed | 507.8% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 775 | $217.89 | $168,865 | 206,274 Direct | -0.37% | Disposed | 507.8% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 1,900 | $217.88 | $413,972 | 207,049 Direct | -0.91% | Disposed | 507.8% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 400 | $217.87 | $87,148 | 208,949 Direct | -0.19% | Disposed | 507.9% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $217.86 | $21,786 | 209,349 Direct | -0.05% | Disposed | 507.9% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 1,886 | $217.84 | $410,846 | 209,449 Direct | -0.89% | Disposed | 507.9% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 500 | $217.80 | $108,900 | 211,335 Direct | -0.24% | Disposed | 508.1% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 1,100 | $217.78 | $239,558 | 211,835 Direct | -0.52% | Disposed | 508.1% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $217.77 | $21,777 | 212,935 Direct | -0.05% | Disposed | 508.1% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $217.76 | $21,776 | 213,035 Direct | -0.05% | Disposed | 508.2% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 2,700 | $217.75 | $587,925 | 213,135 Direct | -1.25% | Disposed | 508.2% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 200 | $217.74 | $43,548 | 215,835 Direct | -0.09% | Disposed | 508.2% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 400 | $217.73 | $87,092 | 216,035 Direct | -0.18% | Disposed | 508.3% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 200 | $217.72 | $43,544 | 216,435 Direct | -0.09% | Disposed | 508.3% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 600 | $219.34 | $131,604 | 163,763 Direct | -0.37% | Disposed | 503.8% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 73 | $219.28 | $16,007 | 164,363 Direct | -0.04% | Disposed | 504.0% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $219.17 | $21,917 | 164,436 Direct | -0.06% | Disposed | 504.3% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 200 | $219.13 | $43,826 | 164,536 Direct | -0.12% | Disposed | 504.4% (price as of 2026-08-19) |
| Sept. 4, 2015 | GWW | S 10b5-1 | 100 | $219.00 | $21,900 | 164,736 Direct | -0.06% | Disposed | 504.7% (price as of 2026-08-19) |
Showing latest 100 of 473 transactions
P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding
Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.
Derivative holdings (Form 4 Table II)
Options, RSUs and convertible securities reported on Form 4 Table II.
| Date | Ticker | Security | Underlying | Exercise price | Expiration | Shares | A/D |
|---|---|---|---|---|---|---|---|
| April 3, 2017 | GWW | Stock Option | Common Stock (108,581) | $231.20 | April 2, 2027 | 108,581 | Acquired |
| Jan. 3, 2017 | GWW | Stock Option | Common Stock (65,000) | $81.49 | April 28, 2019 | 65,000 | Disposed |
| April 1, 2016 | GWW | Stock Option | Common Stock (78,152) | $234.38 | March 31, 2026 | 78,152 | Acquired |
| Sept. 4, 2015 | GWW | Stock Option | Common Stock (32,500) | $81.49 | April 28, 2019 | 32,500 | Disposed |
| Sept. 4, 2015 | GWW | Stock Option | Common Stock (28,500) | $85.82 | April 29, 2018 | 28,500 | Disposed |
| Sept. 3, 2015 | GWW | Stock Option | Common Stock (32,500) | $81.49 | April 28, 2019 | 32,500 | Disposed |
| Sept. 3, 2015 | GWW | Stock Option | Common Stock (28,500) | $85.82 | April 29, 2018 | 28,500 | Disposed |
| May 21, 2015 | GWW | Stock Option | Common Stock (30,000) | $83.08 | April 24, 2017 | 30,000 | Disposed |
| April 1, 2015 | GWW | Stock Option | Common Stock (65,816) | $231.88 | March 31, 2025 | 65,816 | Acquired |
| April 30, 2014 | GWW | Stock Option | Common Stock (56,558) | $248.22 | April 29, 2024 | 56,558 | Acquired |
| May 14, 2013 | GWW | Stock Option | Common Stock (25,000) | $76.61 | April 25, 2016 | 25,000 | Disposed |
| April 24, 2013 | GWW | Stock Option | Common Stock (70,465) | $245.86 | April 23, 2023 | 70,465 | Acquired |
| April 25, 2012 | GWW | Option | Common Stock (78,100) | $204.01 | April 24, 2022 | 78,100 | Acquired |
| April 27, 2011 | GWW | Option | Common Stock (96,400) | $149.02 | April 26, 2021 | 96,400 | Acquired |
| April 27, 2011 | GWW | Option | Common Stock (27,000) | $52.29 | April 26, 2015 | 27,000 | Disposed |
| April 27, 2011 | GWW | Option | Common Stock (3,699) | $54.14 | April 27, 2014 | 3,699 | Disposed |
| April 21, 2011 | GWW | Option | Common Stock (3,851) | $54.14 | April 27, 2014 | 3,851 | Disposed |
| Aug. 9, 2010 | GWW | Option | Common Stock (12,450) | $54.14 | April 27, 2014 | 12,450 | Disposed |
| April 28, 2010 | GWW | Option | Common Stock (122,000) | $108.15 | April 27, 2020 | 122,000 | Acquired |
| April 29, 2009 | GWW | Option | Common Stock (130,000) | $81.49 | April 28, 2019 | 130,000 | Acquired |
| April 30, 2008 | GWW | Option | Common Stock (57,000) | $85.82 | April 29, 2018 | 57,000 | Acquired |
| July 12, 2007 | GWW | Option | Common Stock (14,160) | $45.50 | April 29, 2013 | 14,160 | Disposed |
| July 9, 2007 | GWW | Option | Common Stock (15,840) | $45.50 | April 29, 2013 | 15,840 | Disposed |
| July 9, 2007 | GWW | Option | Common Stock (10,000) | $54.61 | April 23, 2012 | 10,000 | Disposed |
| May 7, 2007 | GWW | Option | Common Stock (20,000) | $54.61 | April 23, 2012 | 20,000 | Disposed |
| May 7, 2007 | GWW | Option | Common Stock (50,000) | $37.50 | April 24, 2011 | 50,000 | Disposed |
| April 25, 2007 | GWW | Option | Common Stock (30,000) | $83.08 | April 24, 2017 | 30,000 | Acquired |
| April 16, 2007 | GWW | Option | Common Stock (8,790) | $48.62 | April 27, 2009 | 8,790 | Disposed |
| Feb. 1, 2007 | GWW | Option | Common Stock (7,180) | $51.69 | April 28, 2008 | 7,180 | Disposed |
| Nov. 22, 2006 | GWW | Option | Common Stock (5,000) | $43.50 | April 25, 2010 | 5,000 | Disposed |
| April 26, 2006 | GWW | Option | Common Stock (25,000) | $76.61 | April 25, 2016 | 25,000 | Acquired |
| March 7, 2006 | GWW | Option | Common Stock (10,240) | $43.50 | April 25, 2010 | 10,240 | Disposed |
| Dec. 2, 2005 | GWW | Option | Common Stock (4,760) | $43.50 | April 25, 2010 | 4,760 | Disposed |
| Dec. 2, 2005 | GWW | Option | Common Stock (3,240) | $42.81 | Feb. 28, 2010 | 3,240 | Disposed |
| April 27, 2005 | GWW | Option | Common Stock (27,000) | $52.29 | April 26, 2015 | 27,000 | Acquired |
| Nov. 23, 2004 | GWW | Option | Common Stock (8,060) | $37.25 | April 29, 2007 | 8,060 | Disposed |
| April 28, 2004 | GWW | Option | Common Stock (20,000) | $54.14 | April 27, 2014 | 20,000 | Acquired |
Exercise/conversion price is blank when not applicable (e.g. RSUs).
Compensation (DEF 14A)
Matched by name from proxy statements (DEF 14A) — verify against the filing.
| Fiscal year | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension change | Other | Total |
|---|---|---|---|---|---|---|---|---|
| 2017 | $697,986 | $0 | $0 | $4,900,261 | $620,400 | $0 | $165,998 | $6,384,645 |
| 2016 | $1,183,263 | $0 | $2,100,137 | $3,512,151 | $1,162,143 | $0 | $187,006 | $8,144,700 |
| 2015 | $1,150,169 | $0 | $2,266,070 | $3,063,077 | $715,165 | $0 | $333,106 | $7,527,587 |
Figures from the Summary Compensation Table of the company's proxy statement (DEF 14A). Compensation is not a recommendation.