Skip to main content

Inside the Market Wednesday’s Insider Report: Insiders make million dollar trades in these three stocks

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.

Story continues below advertisement

Listed below is a stock that has had recent insider buying activity.

Empire Company Ltd. (EMP.A-T)

On March 18, president and chief executive officer Michael Medline bought 10,600 shares at a cost per share of $28.2788, taking his portfolio’s position up to 40,600 shares. The cost of this investment was approximately $300,000.

Previously, we reported that the company’s chief financial officer Michael Vels invested just over $84,000 in shares of the company. On March 18, he purchased 3,000 shares at a cost per share of $28.20, increasing his account’s holdings to 35,000 shares.

**

Listed below are three securities that have had recent selling activity reported by insiders.

Chorus Aviation Inc. (CHR-T)

Story continues below advertisement

Between March 13 and March 25, chief strategy officer Jolene Mahody exercised her options and sold the corresponding number of shares received (199,800) at an average price per share above $7 with a closing account balance of 209,351 shares. Proceeds from the sales exceeded $1.4-million.

Between March 12 and March 18, chief operating officer and president of Chorus Aviation Services Colin Copp exercised his options and sold the corresponding number of shares received (210,000) at an average price per share of $7.23, leaving 40,630 shares in his account. Proceeds from these sales totaled over $1.5-million.

On March 7, chief financial officer Gary Osborne exercised his options and sold the corresponding number of shares received (50,000) at an average price per share of $7.425, eliminating this account’s holdings. Proceeds from the sales amounted to over $370,000.

Quebecor Inc. (QBR.B-T)

Between March 19 and March 22, chief operating officer, chief legal officer and corporate secretary Marc Tremblay exercised his options, receiving 180,000 shares, and sold 118,680 shares at an average price per share of approximately $31.45 leaving 69,720 shares in his account. Proceeds from the sale exceeded $3.7-million.

Restaurant Brands International Inc. (QSR-T)

Story continues below advertisement

On March 14, Vicente Tome, head of legal, U.S. and LAC for Burger King, Tim Hortons and Popeyes brands, exercised his options, receiving 3,300 shares, and divested 2,038 shares at a price per share of U.S.$62.57 with 4,369 shares remaining in his account. Proceeds from the sale exceeded U.S.$127,000.

On March 12, general counsel and corporate secretary Jill Granat exercised her options, receiving 62,328 shares, and sold 35,621 shares at a price per share of U.S.$62.30 leaving 290,836 shares in her account. Proceeds totaled over U.S.$2.2-million.

Report an error Editorial code of conduct
Tickers mentioned in this story
Unchecking box will stop auto data updates
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

Cannabis pro newsletter