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 stock that has had recent buying activity in the public market reported by the CEO.
Linamar Corp. (LNR-T)
On Dec. 10, chief executive officer and executive chair Linda Hasenfratz invested over $4 million in shares of Linamar. She purchased 50,000 shares at a price per share of $80.084, after which this specific account held 250,979 shares.
Year-to-date, the share price is up 49 per cent.
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Listed below are three stocks that have had recent selling activity in the public market reported by insiders.
CCL Industries Inc. (CCL-B-T)
On Dec. 15, president and chief executive officer Geoffrey Martin sold 20,000 shares at a price per share of $84.0352, trimming the holdings in this particular account to 672,243 shares. Proceeds from the sale exceeded $1.6-million, not including commission charges.
CGI Inc. (GIB-A-T)
On Dec. 3, director George Schindler exercised his options, receiving 80,000 shares at a cost per share of $63.23 and sold 80,000 shares at a price per share of $124.3282 with 182,207 shares remaining in this particular account. Net proceeds totaled more than $4.8 million, excluding any association transaction charges.
Mr. Schindler is the company’s former president and chief executive officer.
Fairfax Financial Holdings Ltd. (FFH-T)
On Dec. 1, Brian Bradstreet sold 1,500 shares at a price per share of $2,404.9933. Proceeds from the sale totaled more than $3.6 million, excluding trading fees. This particular account (RRIF) now holds 1,791 shares.
Mr. Bradstreet sits on Fairfax’s investment committee and is a senior managing director, fixed income.
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