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Tuesday’s Insider Report: Companies insiders are buying and selling

An A&W restaurant is pictured along Hastings Ave in Vancouver, B.C.,

Jonathan Hayward/The Canadian Press

Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships.

Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock's valuation; perhaps an insider needs to raise money for personal reasons. An insider's total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company. I tend to put great weight on insider transaction activity when I see multiple insiders trading a company's shares or units.

Let's begin the report detailing two securities with insider buying activity.

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A&W Revenue Royalties Income Fund (AW.un-T)

In a relatively small transaction, on August 15, Susan Senecal, the chief operating officer at A&W Food Services of Canada, purchased 700 units and an average cost per unit of $35.43, increasing her portfolio's holdings to 6,877 units.

Keyera Corp. (KEY-T)

On August 16, Donald Nelson, who sits on the company's board of directors, purchased 1,850 shares at an average cost of $35.688 per share for an account in which he has indirect ownership, initiating a portfolio position.

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The following companies have had recent insider selling activity.

5N Plus Inc. (VNP-T)

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On August 14, the chief financial officer Richard Perron exercised his options and sold the corresponding number of shares (202,200) at an average price per share of $3.2624, eliminating his portfolio's position.

Air Canada (AC-T)

On August 11, Arielle Meloul-Wechsler, the senior vice-president of people and culture, exercised her options an sold the corresponding number of shares (14,012), at an average price per share around the $21.50 level, eliminating her portfolio's position.

On August 9, Benjamin Smith, the president of passenger airlines, exercised his options and received 162,000 shares and sold the corresponding number of share over several days. On August 9, he sold 123,906 shares, and a few days later, on August 14, he sold 38,094 shares.

Last week, we reported the following insider transactions.

On August 3, the president and chief executive officer Calin Rovinescu exercised his options and sold the corresponding number of shares (1,645,181), leaving a remaining portfolio balance of 25,011 shares.

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On August 3, the chief financial officer Michael Rousseau exercised his options and sold the corresponding number of shares (179,191) shares. His remaining portfolio balance was 85,000 shares.

On August 3, the chief legal officer David Shapiro exercised his options and sold the corresponding number of shares (76,825) shares, eliminating the portfolio's position.

On August 8, Kevin Howlett, senior vice-president of regional markets and government relations, exercised his options and sold the corresponding number of shares (143,638), leaving a remaining portfolio balance of 12,350 shares.

On August 3, Amos Kazzaz, senior vice-president of financial planning and analysis, exercised his options and sold the corresponding number of shares (39,531), eliminating the portfolio's holdings.

Alamos Gold Inc. (AGI-T)

On August 10, Colin Webster, the vice-president of sustainability and external affairs, exercised his options and sold the corresponding number of shares (15,000) at an average price of $10.02 per share, eliminating the portfolio's holdings.

Premium Brands Holdings Corp. (PBH-T)

On August 15, John Beliveau, the chief operating officer of Premium Brands' Retail Group, sold 1,500 shares at an average price per share of $99.80, trimming his portfolio's position to 58,874 shares.

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About the Author
Equities analyst

Jennifer Dowty, CFA, is an equities analyst at The Globe and Mail. She has approximately 18 years of experience working in the financial industry, 14 of those years were at Manulife Asset Management, where she worked her way up to become an Equities Portfolio Manager. More

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