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 are four stocks that have had recent selling activity in the public market reported by insiders.
Aya Gold & Silver Inc. (AYA-T)
On Jan. 21, chair of the board of directors Robert Taub sold 7 million shares at a price per share of $21.47 across two accounts, after which one account held 2,684,162 shares and a different account held 162,100 shares. Proceeds from the sales totaled over $150-million, excluding commission charges.
BRP Inc. (DOO-T)
Between Jan. 19-21, executive vice president of people and culture Anne Le Breton exercised her options, receiving a total of 14,300 shares at an average cost per share of approximately $49.21, and sold 14,300 shares at a price per share of $108.50, leaving 54 shares in this particular account. Net proceeds totaled more than $847,000, not including any associated transaction fees.
Royal Bank of Canada (RY-T)
Between Jan. 5-21, group head of technology and operations Bruce Ross exercised his options, receiving a total of 32,869 shares at an average cost per share of approximately $100.99, and sold 32,869 shares at an average price per share of roughly $235.88. Net proceeds totaled more than $4.4-million, not including any associated transaction fees. After these transactions, this particular account held 235 shares.
Taseko Mines Ltd. (TKO-T)
Between Jan. 20-23, director Russell Hallbauer sold a total of 250,000 shares at an average price per share of approximately $9.94. Proceeds from the sales totaled more than $2.4 million, not including commission charges. After these transactions, this particular account held 1,552,750 shares.
Mr. Hallbauer is the former president and chief executive officer of Taseko.
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