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 two securities that have had recent buying activity in the public market reported by insiders.
Chorus Aviation Inc. (CHR-T)
Between Aug. 23-27, David Levenson, who sits on the board of directors, invested nearly $500,000 in shares of Chorus. He bought a total of 190,600 shares at an average cost per share of approximately $2.62, raising the holdings in this particular account to 253,600 shares.
Dream Office Real Estate Investment Trust (D-UN-T)
On Aug. 28, Jane Gavan, who sits on the board of trustees, acquired 14,700 REIT A units at a cost per unit of $19.3926, increasing the holdings in this particular account to 19,732 units. The cost of this purchase totaled more than $285,000, excluding trading fees.
Ms. Gavan is president, asset management of Dream Unlimited Corp. (DRM-T) and is the former chief executive officer of Dream Residential REIT (DRR-UN-T), Dream Global REIT and Dream Office REIT.
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The following two stocks have had recent selling activity in the public market reported by insiders.
AltaGas Ltd. (ALA-T)
On Aug. 29, president of midstream Randy Toone divested 3,000 shares at a price per share of $33.82, reducing the holdings in this specific account to 308,783 shares. Proceeds from the sale totaled over $101,000, not including trading fees.
Canadian Pacific Kansas City Ltd. (CP-T)
On Aug. 28, president and chief executive officer Keith Creel exercised his options, receiving 107,000 shares at a cost per share of US$37.17 and sold 107,000 shares at a price per share of US$82.5768 leaving 72,960 shares in this specific account. Net proceeds exceeded US$4.8-million, excluding any associated transaction fees.
On Aug. 28, executive vice president and chief marketing officer John Brooks exercised his options, receiving 21,700 shares at a cost per share of US$23.36 and sold 21,700 shares at a price per share of US$82.9708, after which this particular account did not hold any shares. Net proceeds totaled nearly US$1.3-million, not including any associated transaction charges.
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