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 three stocks that have had recent selling activity in the public market reported by insiders.
Canadian Imperial Bank of Commerce (CM-T)
On June 5, vice-chair of North American banking Jon Hountalas exercised his options, receiving 32,018 shares at a cost per share of $48.905 and sold 32,018 shares at a price per share of $93.874 with 5,068 shares remaining in this particular account. Net proceeds totaled more than $1.4 million, not including any associated transaction fees.
On June 3, senior executive vice-president and group head of technology, infrastructure and innovation Christina Kramer exercised her options, receiving 43,490 shares at a cost per share of $55.845 and sold 43,490 shares at a price per share of $93.07, leaving 16,066 shares in this particular account. Net proceeds exceeded $1.6 million, excluding any associated transaction charges.
Fortuna Mining Corp. (FVI-T)
Between June 2-5, chief financial officer Luis Ganoza sold a total of 200,000 shares at an average price per share of approximately US$7.002, reducing the holdings in this particular account to 663,412 shares. Proceeds from the sales totaled just over US$1.4 million, excluding trading fees.
Toronto-Dominion Bank (TD-T)
On June 2, head of TD Wealth Management Paul Clark exercised his options, receiving 16,936 shares at a cost per share of $72.84, and sold 16,936 shares at a price per share of $94.87, after which this particular account held 260 shares. Net proceeds exceeded $373,000, excluding any associated transaction charges.
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Listed below is a security that has had both buying and selling activity in the public market reported by the CEO.
Sun Life Financial Inc. (SLF-T)
On June 5, president, chief executive officer and director Kevin Strain exercised his options, receiving 107,452 shares at an average cost per share of approximately $66.65, and sold 107,452 shares at a price per share of $88.80. Net proceeds exceeded $2.3 million, excluding any associated transaction charges.
In addition, that day he acquired 9,250 shares at an average cost per share of $89.07. The cost of this purchase exceeded $823,000. After these transactions, this particular account held 32,000 shares.
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