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.
Listed below is a security that has had recent insider buying activity.
Empire Company Ltd. (EMP.A-T)
On March 18, the company’s chief financial officer Michael Vels invested just over $84,000 in shares of the company. He purchased 3,000 shares at a cost per share of $28.20, increasing his account’s holdings to 35,000 shares.
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Listed below are three stocks that have had recent selling activity reported by insiders.
Aecon Group Inc. (ARE-T)
Between March 11 and March 13, founder and executive chairman John Beck sold a total of 46,354 shares at an average price per share of approximately $18.32, eliminating his account’s position. Proceeds from the sales totaled nearly $850,000.
CAE Inc. (CAE-T)
On March 14, Dan Sharkey, vice-president – human resources, exercised his options and sold the corresponding number of shares received (30,000) at a price per share of $28.50 with 5,899 share remaining in the account. Proceeds from the sale totaled $855,000.
National Bank of Canada (NA-T)
On March 15, chief transformation officer Ricardo Pascoe exercised his options and sold the corresponding number of shares received (50,392) at a price per share of $62.0974 with a remaining account balance of 18,209 shares. Proceeds from the sale exceeded $3.1-million.
That day, president of National Bank Financial Wealth Management Martin Lavigne also exercised his options and sold the corresponding number of shares received (32,576) at a price per share of $62.2514, leaving 4,750 shares in his account. Proceeds from this sale totaled over $2-million.
Jennifer Dowty