For investors who are upbeat on the global economy in 2014, insiders at Finning International Inc. may offer some encouragement. Over the past 90 days, insiders have acquired 20,217 shares through net public market and option activity. Among the buyers was CEO Scott Thomson who acquired 15,500 shares in the public market at a $26.19 average price. Meanwhile, CFO David Smith exercised 7,142 options and only sold 1,800 shares. It is often a bullish sign when an insider exercises options but does not subsequently sell all their newly acquired stock.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.