In the eyes of Quebec Inc.: Bombardier's big boss makes a nice profit

In this bi-weekly column, we provide an overview of insider transactions and investments in Quebec companies.

He gets $2.5 million thanks to options

Bombardier CEO Eric Martel made 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 increased almost fivefold.

Wholesale sales at Gildan

GEN - ÉRIC MARTEL CEO OF BOMBARDIER

Glenn Chamandy, former CEO of Gildan. Photo from Gildan website

Four Gildan executives sold shares in the company after its co-founder Glenn Chamandy was fired about 10 days ago. Production manager Benito Massi sold more than $5.4 million, while sales manager Chuck Ward sold more than $1 million. Vice President of North American Sales Michael Schroeder sold nearly $140,000 worth of shares, while Chief Financial Officer Rhodri Harries made a profit of more than $6.8 million by exercising options.

Couche-Tard’s CEO is still making money

GEN - ÉRIC MARTEL CEO OF BOMBARDIER

Brian Hannasch, CEO of Alimentation Couche-Tard. Photo from LinkedIn

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 more than $12.5 million in profits by exercising options. The gas station and convenience store chain’s stock has risen more than 25% since the beginning of 2023.

State politicians pay up

GEN - ÉRIC MARTEL CEO OF BOMBARDIER

Brigitte Hébert photo from LinkedIn

At the beginning of December, four vice presidents of the National Bank made interesting profits by exercising options. The head of risk management, William Bonnell, received more than $745,000; employee manager Brigitte Hébert, nearly $560,000; the individual responsible, Lucie Blanchet, nearly $410,000; and chief financial officer Marie Chantal Gingras, nearly $82,000. The institute’s shares have risen by more than 8% since the beginning of the year.

You buy Stingray

GEN - ÉRIC MARTEL CEO OF BOMBARDIER

David Purdy photo from LinkedIn

Stingray’s head of revenue strategy, David Purdy, bought nearly $500,000 worth of shares in the Montreal-based audio and video content provider this week. Earlier this month, Denis Sirois, a representative of Télésystem, a major shareholder in Stingray, purchased $80,000 worth of shares in the company. Stingray shares are up about 15% since the start of 2023.

Two metro bosses in your pocket

GEN - ÉRIC MARTEL CEO OF BOMBARDIER

François Thibault Photo from the University of Sherbrooke website

Metro Chief Financial Officer François Thibault made a profit of nearly $450,000 earlier this month by exercising options in the supermarket and pharmacy chain. For his part, Vice President of Legal Affairs Simon Rivet raised more than $178,000 in the same way. Metro shares have fallen 11% since the beginning of the year.


Posted

in

by