Nine companies with recent insider selling activity

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On Monday, I reported 10 securities with recent insider trading activity.

Today, the focus shifts to companies that insiders are selling.

Listed below are nine companies that have experienced recent insider selling activities in the public market through their direct and indirect ownership positions.

Keep in mind, when looking at transaction activities by insiders, selling activity may or may not be related to a stock's valuation; perhaps an insider needs to raise money for personal reasons. Furthermore, 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 selling a company's shares.

Agnico-Eagle Mines Ltd. (AEM-T)

On May 2, Donald Allan, senior vice-president of corporate development, exercised his options and that same day sold the corresponding number of shares, 35,000 shares, at an average price per share of $64.05. On May 3, Louise Grondin, the senior vice-president of environment, sustainable development and people, also exercised her options and sold the corresponding number of shares, 20,000 shares, that day. On May 3, board member Dr. Leanne Baker sold 1,500 shares on May 3, reducing her portfolio's position to 8,351 shares.

AltaGas Ltd. (ALA-T)

In a relatively small transaction, senior vice-president of organizational development Kent Stout sold 1,000 shares at an average price per share of $30.50 on May 2. Following this transaction, his portfolio's holdings stood at 23,786 shares.

Ballard Power Systems Inc. (BLDP-T)

On May 3, Kevin Colbow, vice-president of technology and product development, sold 7,002 shares at an average price per share of $3.98, eliminating his portfolio's position. That same day, Paul Osenar, president of subsidiary Protonex, sold 50,000 shares, reducing his portfolio's position to 351,702 shares.

Canfor Corp. (CFP-T)

On April 28, Mark Feldinger, the company's senior vice-president of energy, environment, transportation and sourcing, sold 4,500 shares at an average price per share of $20.1689, reducing his portfolio's position to just 18 shares.

Enghouse Systems Ltd. (ENGH-T)

On April 28 and May 1, board member Reid Drury sold a total of 10,000 shares at an average price per share of $59.85, reducing his portfolio's position to 109,500 shares.

Goldcorp Inc. (G-T)

On May 2, executive vice-president of corporate affairs and sustainability Brent Bergeron sold 7,900 shares at an average price per share of $18.90, reducing his portfolio's position to 4,255 shares.

Maple Leaf Foods Inc. (MFI-T)

Last week, senior vice-president of supply chain and purchasing Richard Young exercised his options and sold the corresponding number of shares, 32,600 shares. Lynda Kuhn, senior vice-president of sustainability and public affairs, exercised her options and sold the corresponding number of shares, 16,600 shares, on May 3.

In addition, Rocco Cappuccitti, senior vice-president and corporate secretary also exercised his options last week and sold the corresponding number of shares, 24,500 shares. Lastly, Ian Henry, senior vice-president of people, exercised his options and sold the corresponding number of shares, 20,000 shares, on May 1.

OceanaGold Corp. (OGC-T)

On May 2, Darren Klinck, executive vice-president and head of corporate development, sold 25,000 shares at an average price per share of $4.57, reducing his portfolio's position to 25,815 shares.

Thomson Reuters Corp. (TRI-T)

On May 1, David Craig, president of the financial and risk business division, sold 93,000 shares, slashing his portfolio's position to 51,345 shares. On May 2, Richard King, the company's chief information officer, sold 10,589 shares, reducing his portfolio's position to 22,929 shares.