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Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over.

The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts.

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 featuring a security that has had recent insider buying activity.

SIR Royalty Income Fund (SRV.UN-T)

On Sept. 10, William Irvine, with an ownership position exceeding 10 per cent, bought 10,000 units at a cost per unit of $15.20. The previous trading day, on Sept. 7, Mr. Irvine also acquired 10,000 units at a price per unit of $15.20. These two purchases increased his portfolio’s holdings to 787,949 units.

Last month, we reported that Peter Luit, who sits on the board of trustees, purchased 5,000 units at a price per unit of $15.36 on Aug. 3, initiating a portfolio position.

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The following three securities have had recent selling activity reported by insiders.

Allied Properties Real Estate Investment Trust (AP.UN-T)

On Sept. 10, chief financial officer Cecilia Williams exercised her options and sold the corresponding number of units (17,000) at a price per unit of $44.5813, leaving 12,653 units in her account.

Bank of Montreal (BMO-T)

On Sept. 4, chief human resources officer Richard Rudderham exercised his options and sold the corresponding number of shares received (total of 24,359) at a price per share of $106.53, eliminating his portfolio’s position. His total proceeds exceeded $2.5-million.

On Sept. 4, Joanna Rotenberg, group head - BMO Wealth Management, exercised her options and sold the corresponding number of shares (5,000) at a price per share of $107.17, eliminating her account’s holdings.

Earlier this month, we reported that Tom Flynn, chief financial officer of BMO Financial Group, exercised his options on Aug. 31, receiving 40,284 shares, and sold over $4-million worth of stock. That day, he divested 39,784 shares at a price per share of $106.82, leaving 5,455 shares in his portfolio.

Methanex Corp. (MX-T)

On Sept. 13, president of Methanex Egypt Mohamed Shindy sold 2,000 shares at a price per share of U.S. $77.5253 with 1,101 shares remaining in his account.

Last week, we reported that in a trade valued at over $2-million, Bruce Aitken, who sits on the board of directors, divested 21,100 shares at a price per share of $97.75 on Aug. 29, reducing his account balance to 100,189 shares.

National Bank of Canada (NA-T)

Between Sept. 6 and Sept. 10, president and chief executive officer Louis Vachon exercised his options and sold the corresponding total number of shares received (57,200) at an average price per share of approximately $65.01, leaving 137,611 shares remaining in his account. The proceeds from these sales totaled over $3.7-million.

Previously, we reported that National Bank Investments Inc.’s chief financial officer Alain Legris exercised his options and sold the corresponding number of shares (53,990) on Aug. 30, leaving 8.837 shares in his portfolio. National Bank Investments Inc. is a subsidiary of National Bank of Canada.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 27/03/24 3:57pm EDT.

SymbolName% changeLast
MX-T
Methanex Corp
+1.38%61.1
BMO-T
Bank of Montreal
+0.32%130.77
NA-T
National Bank of Canada
+0.74%114.57
AP-UN-T
Allied Properties Real Estate Inv Trust
+0.98%17.59
SRV-UN-T
Sir Royalty Income Fund
-1.12%14.14

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