CFO selling at Magna International (MG)

CFO selling at Magna International (T:MG)

Vincent Joseph Galifi, CFO, disposed of 75,000 Common Shares on a direct ownership basis at a price of $82.920 on May 14th, 2018. The insider also disposed of 25,000 Common Shares on a direct ownership basis at a price of US$65.920 on May 14th, 2018. This represents a $8,324,320 divestment of the company's shares and an account share holdings change of -27.2%.

Magna International is in the Auto, Truck & Motorcycle Parts Sub Industry Group under the Consumer Cyclicals Sector.

Magna International Inc. (Magna) is a global automotive supplier. The Company's segments are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company's product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing. The Company has over 320 manufacturing operations and approximately 100 product development, engineering and sales centers in over 30 countries. It provides a range of body, chassis and engineering solutions to its original equipment manufacturer (OEM) customers. It has capabilities in powertrain design, development, testing and manufacturing. It offers bumper fascia systems, exterior trim and modular systems. It offers exterior and interior mirror systems. It offers sealing, trim, engineered glass and module systems. It offers softtops, retractable hardtops, modular tops and hardtops.