Each week, we provide an overview of insider transactions, investments in local companies and news from listed companies.
TFI CEO realizes $ 7.2 million gain
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Alain Bédard, the big boss of TFI International, pocketed nearly $ 7.2 million during the month of May by exercising stock options in the Quebec trucking company. The stock has gained 75% year-to-date mainly due to the acquisition of US carrier UPS Freight for nearly $ 1 billion. Mr. Bédard’s stake in TFI is now worth more than $ 500 million.
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Luc Bertrand buys 5N Plus
The chairman of the board of directors of 5N Plus, Luc Bertrand, has bought more than $ 330,000 in shares of the Montreal company since the beginning of the month. The title of the producer of specialized semiconductors tumbled more than 25% two weeks ago, after the publication of disappointing financial results. Former executive of the Montreal Stock Exchange and National Bank Financial, Mr. Bertrand is also a shareholder and Chairman of the Board of Groupe CH (Montreal Canadiens and Evenko).
Wingocard raises $ 2 million
The young Montreal startup Wingocard has just raised $ 2 million as part of the second round of funding since its founding, in 2019. Quebec entrepreneurs Cherif Habib and François Arbor as well as the Canadian firm Panache Ventures are among the investors. Wingocard is a mobile application that allows parents to transfer money to their teens and track expenses.
Power boss gets richer by $ 8.9 million
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Jeffrey Orr, the CEO of Power Corporation, cashed nearly $ 8.9 million this week, exercising options of the Montreal conglomerate. Mr. Orr, who has worked at Power since 2001, took over as head of the group in February 2020, succeeding André and Paul Jr Desmarais. The title of Power Corporation crossed a new threshold this week that it had not reached since 2008.
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Two young VPs of Aya cash in over $ 1 million
Raphaël Beaudoin, vice-president of operations of Aya Or & Argent, made a profit of nearly $ 530,000 by exercising options from the Quebec mining company in recent days. For his part, the vice-president of legal affairs, Elias Elias, pocketed nearly $ 570,000 in the same way. Aya’s stock has gained around 250% in the past year. The company operates a silver mine in Morocco.
IA CEO exercises options
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The president and chief executive officer of iA Financial Corporation, Denis Ricard, cashed in a gain of more than $ 135,000 by exercising options from the Quebec insurer two weeks ago. The stock of the company once known as Industrial Alliance has gained more than 25% since the start of 2021, approaching its pre-pandemic level.
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