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.
Listed below is a security that has had recent insider buying activity.
BlackBerry Ltd. (BB-T)
On Sept. 27, chief revenue officer Steve Capelli invested approximately US$377,000 in shares of the company. He purchased 70,000 shares at an average price per share of roughly US$5.39, which lifted his account balance to 135,372 shares.
During the past six trading sessions, the share price has plunged over 31 per cent.
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Listed below are three stocks that have had recent selling activity reported by insiders.
North American Construction Group Ltd. (NOA-T)
Between Sept. 3 and Sept. 19, chairman and chief executive officer Martin Ferron exercised his options, receiving 35,000 shares at an average cost per share of approximately $3.68, and sold 35,000 shares at an average price per share of roughly $16.30 with 1,877,871 shares remaining in his portfolio. Net proceeds, not including commission charges, exceeded $441,000.
Between Sept. 9 and Sept. 16, president and chief operating officer Joe Lambert exercised his options, receiving 30,000 shares at a cost per share of $8.58, and sold 30,000 shares at an average price per share of roughly $16.54, leaving 113,247 shares in his account. Net proceeds, not including trading fees, totaled over $238,000.
Suncor Energy Inc. (SU-T)
Between Sept. 13 and Sept. 17, senior vice-president and general counsel Arlene Strom exercised her options, receiving 19,000 shares at a cost per share of $32.46, and sold 19,000 shares at a price per share of $41.53, eliminating her account’s holdings. Net proceeds, excluding trading fees, totaled over $172,000.
Toronto-Dominion Bank (TD-T)
Year-to-date, TD’s share price is up over 10 per cent and is just 3 per cent below its record closing high of $77.53 reached on July 24, 2019.
Between Sept. 10 and Sept. 24, deputy chair Frank McKenna exercised his options, receiving 25,000 shares at a cost per share of $36.63, and sold 25,000 shares at an average price per share of approximately $75.60, eliminating his account's holdings. Net proceeds from the sales, not including commission charges, exceeded $974,000.
On Sept. 20, Teri Currie, group head – Canadian personal banking at TD Bank Group, exercised her options, receiving 53,968 shares at a cost per share of $47.59, and sold 53,968 shares at a price per share of $76.90, eliminating her account’s holdings. Net proceeds, excluding commission fees, totaled over $1.5-million.
On Sept. 20, Ajai Bambawale, group head and chief risk officer at TD Bank Group, exercised his options, receiving 13,908 shares at a cost per share of $52.46, and sold 13,908 shares at a price per share of $76.90, eliminating his account’s holdings. Net proceeds, not including trading fees, totaled nearly $340,000.
Previously, we reported the following trades.
On Sept. 5, chairman, chief executive officer, and president of TD Securities Bob Dorrance exercised his options, receiving 138,636 shares at a cost per share of $52.46, and sold 138,636 shares at a price per share of $72.63 with 569,584 shares remaining in his account. Net proceeds from the sale, excluding brokerage fees, exceeded $2.7-million.
On Sept. 5, Paul Douglas, group head - Canadian business banking at TD Bank Group, exercised his shares, receiving 43,632 shares at a cost per share of $36.63, and sold 43,632 shares at a price per share of $72.63, leaving 51,200 shares in his portfolio. Net proceeds, not including commission charges, exceeded $1.5-million.
Jennifer Dowty