In the eye of Quebec Inc.: the big boss of Bombardier makes a nice profit

In this column published every two weeks, we provide an overview of insider transactions and investments in Quebec companies.

He receives $2.5 million thanks to options

Bombardier CEO Eric Martel pocketed a profit of more than $2.5 million by exercising stock options earlier this month. Mr. Martel took control of Bombardier in April 2020. Since that date, the value of Bombardier shares has almost quintupled.

Wholesale sales at Gildan

Four Gildan executives sold shares in the company following the dismissal of the latter’s co-founder, Glenn Chamandy, about ten days ago. The head of manufacturing, Benito Massi, sold more than $5.4 million while the head of sales, Chuck Ward, sold more than $1 million. Vice President of Sales in North America, Michael Schroeder, sold nearly $140,000 worth of shares while Chief Financial Officer, Rhodri Harries, realized a gain of more than $6.8 million by exercising options.

The CEO of Couche-Tard is still cashing in

Brian Hannasch, the big boss of Alimentation Couche-Tard, received $6 million by exercising options from the Laval company in mid-December. He also sold more than $7.7 million worth of stock. Last summer, Mr. Hannasch made a profit of more than $12.5 million by exercising options. The stock of the gas station and convenience store chain has gained more than 25% since the start of 2023.

National leaders go to the cash register

Four vice-presidents of the National Bank made interesting gains earlier in December by exercising options. The head of risk management, William Bonnell, received more than $745,000; the employee manager, Brigitte Hébert, nearly $560,000; the person responsible for individuals, Lucie Blanchet, nearly $410,000; and the head of finance, Marie Chantal Gingras, nearly $82,000. The institution’s stock has gained more than 8% since the start of the year.

They buy Stingray

The head of revenue strategy at Stingray, David Purdy, purchased nearly $500,000 worth of shares of the Montreal-based audio and video content provider this week. At the beginning of the month, Denis Sirois, representative of Télésystem, a major shareholder of Stingray, acquired $80,000 worth of shares in the company. Stingray stock is up about 15% since the start of 2023.

Two Metro bosses pocket

Metro’s chief financial officer, François Thibault, made a profit of nearly $450,000 by exercising options in the supermarket and pharmacy chain at the beginning of the month. For his part, the vice-president of legal affairs, Simon Rivet, collected more than $178,000 in the same way. Metro shares have fallen 11% since the start of the year.