Tuesday’s Insider Report: Former Scotiabank CEO is buying this utility stock

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 security that has had recent buying activity in the public market reported by an insider.
Emera Inc. (EMA-T)
On Nov. 20, Brian Porter, who was appointed to the board of directors in March 2024, invested over $258,000 in shares of the company. He acquired 5,000 shares at a price per share of $51.7552, lifting the holdings in this specific account to 15,000 shares.
Mr. Porter is the former president and chief executive officer of The Bank of Nova Scotia.
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The following three stocks have had recent selling activity in the public market reported by insiders.
Cameco Corp. (CCO-T)
On Nov. 21, senior vice-president, chief legal officer and corporate secretary Sean Quinn exercised his options, receiving 13,400 shares at a cost per share of $15.27, and sold 13,400 shares at a price per share of $83.63, after which this particular account held 69,554 shares. Net proceeds totaled approximately $916,000, not including any associated transaction fees.
Previously, we reported senior vice-president and chief operating officer Brian Reilly exercised his options on Nov. 19, receiving 14,062 shares at a cost per share of $15.27, and sold 14,062 shares at a price per share of $79.98, after which this particular account held 27,961 shares. Net proceeds totaled more than $909,000, excluding any associated transaction fees.
iA Financial Corporation Inc. (IAG-T)
Between Nov. 7-21, chief executive officer and president Denis Ricard exercised his options, receiving a total of 35,000 shares at an average cost per share of approximately $56.22, and sold 35,000 shares at an average price per share of roughly $133.29. Net proceeds totaled more than $2.6 million, not including any associated transaction fees. After these transactions, this particular account held 48,000 shares.
Between Nov. 8-21, chief financial officer and chief actuary Eric Jobin exercised his options, receiving a total of 5,000 shares at a cost per share of $57.87, and sold 5,000 shares at an average price per share of approximately $131.59, after which this particular account held 6,275 shares. Net proceeds exceeded $368,000, excluding any associated transaction charges.
Paramount Resources Ltd. (POU-T)
On Nov. 20, executive vice-president of operations Blake Reid exercised his options, receiving 68,000 shares at a cost per share of $7.50, and sold 68,000 shares at a price per share of $30.90 with 18,670 shares remaining in this particular account. Net proceeds exceeded $1.5 million, excluding any associated transaction charges.
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