CEO and Officer selling at National Bank of Canada (NA)

CEO and Officer selling at National Bank of Canada (T:NA)

Louis Vachon, CEO and Director, disposed of 100,000 Common Shares on a direct ownership basis at a price of $58.774 on December 10th, 2018. This represents a $5,877,360 divestment of the company's shares and an account share holdings change of -42.1%.

Ricardo Pascoe, a Senior Officer, disposed of 99,768 Common Shares on a direct ownership basis at prices ranging from $58.657 to $58.692 between December 10th, 2018 and December 12th, 2018. This represents a $5,853,877 divestment of the company's shares and an account share holdings change of -85.5%.

We note that the insider selling is taking place while the company has reported buying back shares.

National Bank of Canada is in the Banks Sub Industry Group under the Financials Sector.

National Bank of Canada (the Bank) is an integrated group, which provides financial services to consumers, small- and medium-sized enterprises (SMEs) and large corporations in its domestic market and also offers specialized services internationally. The Bank's segments are Personal and Commercial, which includes the banking, financing and investing services offered to individuals and businesses, as well as insurance operations; Wealth Management, which consists of investment solutions, trust services, banking services, lending services and other wealth management solutions offered through internal and third-party distribution networks; Financial Markets, which includes banking services, investment banking services and financial solutions for institutional clients, and Other, which includes treasury operations, including the Bank's asset and liability management, liquidity management and funding operations; certain non-recurring items, and the unallocated portion of corporate units.