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 are four securities that have had recent selling activity in the public market reported by insiders.
Choice Properties REIT (CHP-UN-T)
Between July 19-23, Rashid Wasti sold a total of 90,000 units at an average price per unit of approximately $14.03, eliminating his position in this particular account. Proceeds from the sales exceeded $1.2 million, excluding trading fees.
Mr. Wasti is the executive vice-president and chief talent officer at George Weston Limited (WN-T).
As of June 30, 2024, George Weston Ltd. held a 61.7 per cent interest in Choice Properties REIT.
Canadian National Railway Company (CNR-T)
On July 25 and 26, director Jo-Ann dePass Olsovsky divested a total of 4,351 shares at an average price per share of roughly US$115.04 with 4,351 shares remaining in this specific account. Proceeds from the sales exceeded US$500,000, not including trading fees.
Enghouse Systems Ltd. (ENGH-T)
On July 23, vice-president, finance and corporate secretary Rob Medved exercised his options, receiving 26,000 shares at a cost per share of $25.23, and sold 26,000 shares at a price per share of $30.50, after which this particular account did not hold any shares. Net proceeds totaled more than $137,000, excluding any associated transaction charges.
EQB Inc. (EQB-T)
Between July 10-22, president and chief executive officer Andrew Moor sold a total of 5,900 shares at an average price per share of approximately $95.88, reducing his position in this specific account to 98,472 shares. Proceeds from the sales totaled more than $565,000, excluding commission charges.
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