Insider Report: BMO director lands $3-million payday

Insider Report: BMO director lands $3-million payday JENNIFER DOWTY PUBLISHED 18 HOURS AGO COMMENTS SHARE SAVE FOR LATER Listen to this article Learn more about audio Log in or create a free account to listen to this article. 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 stocks that have had recent selling activity in the public market reported by insiders. Allied Gold Corp. (AAUC-T -3.19% decrease ) On Aug. 27, chief legal officer and corporate secretary Sofia Tsakos sold 70,000 shares at a price per share of $32.93 with 669,432 shares remaining in this particular account. Proceeds from the sale totaled more than $2.3 million, excluding commission charges. On Aug. 25, director Pierre Chenard sold 50,000 shares at a price per share of $32.82, after which 57,520 shares remained in this particular account. Proceeds from the sale exceeded $1.6 million, not including trading fees. B2Gold Corp. (BTO-T -3.09% decrease ) On Aug. 28, senior vice president of strategy and chief legal officer Randall Chatwin exercised his options, receiving 33,798 shares at a cost per share of $5.74, and sold 33,798 shares at a price per share of $8.11. Net proceeds exceeded $80,000, not including any associated transaction fees. That day, Mr. Chatwin also sold 15,000 shares at a price per share of $8.11, leaving 104,969 shares in this particular account. Proceeds from the sale exceeded $121,000, excluding commission charges. Bank of Montreal (BMO-T -0.53% decrease ) On Aug. 28, Tayfun Tuzun exercised his options, receiving a total of 31,935 shares at an average cost per share of approximately $130.75, and sold 31,935…