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.
Let's begin the report featuring a stock that has had recent insider buying activity.
Osisko Metals Inc. (OM-X)
Between Sept. 4 and Sept. 21, executive chairman Robert Wares purchased a total of 630,000 shares, increasing his portfolio’s holdings to 7,009,067 shares.
The following four securities have had recent selling activity reported by insiders.
Choice Properties Real Estate Investment Trust (CHP.UN-T)
In a transaction valued at approximately $740,000, on Sept. 17, Robert Yamamoto, vice-president – development, exercised his options and sold the corresponding total number of units received (58,029) at a price per unit of $12.77, leaving 2,000 units in his account.
Between Sept. 13 and Sept. 17, Evan Williams, vice-president – real estate and operations for Eastern Canada, exercised his options and sold the corresponding total number of units received (38,305) at an average price per unit of approximately $12.74 with 863 units remaining in his portfolio.
Over the course of two days, Sept. 12 and Sept. 13, Dallas Wingerak, vice-president – real estate and operations for Western Canada, exercised his options and sold the corresponding total number of units received (102,641) at an average price per unit of approximately $12.68, leaving 8,615 units in his account. The total proceeds received amounted to approximately $1.3-million.
Dorel Industries Inc. (DII.B-T)
On Sept. 20, Alan Schwartz, director and executive vice-president – operations, sold 54,400 shares at a price per share of $24.5021, trimming his portfolio’s holdings to 394,378 shares. The total proceeds from the sale totaled over $1.3-million.
Methanex Corp. (MX-T)
In a transaction valued at nearly U.S.$700,000, on Sept. 18, Wade Wiggins, vice-president at Methanex Europe and Middle East, exercised his options and sold the corresponding number of shares received (9,000) at a price per share of U.S.$77 with a remaining account balance of 25,070 shares.
Earlier this month, we reported the following two transactions.
On Sept. 13, president of Methanex Egypt Mohamed Shindy sold 2,000 shares at a price per share of U.S. $77.5253 with 1,101 shares remaining in his account.
On Aug. 29, in a trade valued at over $2-million, director Bruce Aitken divested 21,100 shares at a price per share of $97.75, reducing his account balance to 100,189 shares.
Mullen Group Ltd. (MTL-T)
In a trade valued at over $10-million, on Sept. 20, David Mullen, who sits on the board of directors, sold 700,000 shares at a price per share of $15 for an account in which he has indirect ownership (2013843 Alberta Ltd.), leaving 180,190 shares in the account.