Thorsten Heins, CEO of Research In Motion, sold 90,322 shares over the past year. However, appearances can be deceiving. The sales were automatic to pay tax when restricted share units (RSU) were converted into common shares. Mr. Heins now holds 96,473 common shares, up from 1,961 before his promotion. The board encouraged this significant boost through his initial CEO compensation package, which was 91 per cent in RSUs. More RSUs will vest over time. As a result, Mr. Heins’ fortunes are well tied to those of shareholders.
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.