Monday's Insider Report: CEO sells US$24-million from an industrial stock after it closes at a record high

Globe and Mail

26-05-2025

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 stock that has had recent buying activity in the public market reported by the CEO.
Lundin Mining Corp. (LUN-T)
On May 22, president, chief executive officer and director Jack Lundin invested over $252,000 in shares of Lundin Mining. He acquired 20,000 shares at a cost per share of $12.6467, lifting the holdings in this particular account to 1,032,598 shares.
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Listed below are three stocks that have had recent selling activity in the public market reported by insiders.
GFL Environmental Inc. (GFL-T)
With sales on May 9, 22 and 23, founder and chief executive officer Patrick Dovigi sold a total of 500,000 shares at an average price per share of approximately US$48.87 leaving 275,792 shares in this particular account. Proceeds from the sales totaled more than $24 million, excluding commission charges.
On May 5, the share price closed at a record high of US$51.58 on the New York Stock Exchange.
The stock is dual-listed, trading on the New York Stock Exchange and the Toronto Stock Exchange.
Sun Life Financial Inc. (SLF-T)
On May 21, Steve Peacher exercised his options, receiving 80,048 shares at an average cost per share of approximately $66.26, and sold 80,048 shares at a price per share of $87.70, after which this particular account did not hold any shares. Net proceeds totaled over $1.7-million, excluding any associated transaction fees.
Mr. Peacher is executive chair of SLC Management, the institutional investment management arm of Sun Life.
TC Energy Corp. (TRP-T)
On May 23, vice president of project services Troy Tally divested 2,477 shares at a price per share of US$49.7903, after which this particular account did not hold any shares. Proceeds from the sale totaled more than US$123,000, excluding trading fees.
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