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 with recent selling activity in the public market reported by insiders.
Canadian Imperial Bank of Commerce (CM-T)
On Sept. 26, chief operating officer Harry Culham exercised his options, receiving a total of 147,456 shares at an average cost per share of approximately $58.35, and sold 147,456 shares at an average price per share of roughly $112.28, after which this particular account held 3,531 shares. Net proceeds totaled nearly $8-million, excluding any associated transaction fees.
Emera Inc. (EMA-T)
On Sept. 26, chief strategy and growth officer Karen Hutt exercised her options, receiving 20,400 shares at a cost per share of $46.19, and sold 20,400 shares at a price per share of $65.83, leaving 2,453 shares in this particular account. Net proceeds exceeded $400,000, excluding any associated transaction charges.
Endeavour Silver Corp. (EDR-T)
On Sept. 23, chief operating officer Don Gray exercised his options, receiving 286,454 shares at an average cost per share of approximately $4.55, and sold 286,454 shares at a price per share of $10.9325, after which this particular account did not hold any shares. Net proceeds exceeded $1.8 million, excluding any associated transaction charges.
Imperial Oil Ltd. (IMO-T)
On Oct. 2, director David Cornhill sold 12,500 shares at a price per share of $125.97, after which this specific account did not hold any shares. Proceeds from the sale exceeded $1.5 million, excluding commission charges.
Mr. Cornhill is the former chief executive officer of AltaGas (ALA-T).
Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.