Public market insider selling at Hammond Power Solutions (HPS)

Public market insider selling at Hammond Power Solutions (T:HPS)

Bill Hammond, CEO and 10% Holder, disposed of 151,890 Common Shares Class A on a direct ownership basis at a price of $10.800 on September 21st, 2021. This represents a $1,640,412 divestment of the company's shares and an account share holdings change of -14.2%.

Hammond Power Solutions is in the Heavy Electrical Equipment Sub Industry Group under the Industrials Sector.

Hammond Power Solutions Inc. (HPS) is a Canada-based manufacturer of dry-type magnetics. The Company is engaged in the design and manufacture of custom electrical engineered magnetics. The Company is also a manufacturer of standard electrical dry-type, cast resin and liquid filled transformers. The Company supports solid industries, such as oil and gas, mining, steel, waste and water treatment, and wind power generation. Its catalogs offer various transformers ranging from 50 volt ampere (VA) to 5 megavolt ampere (MVA). HPS Standard Products are available across over four categories, which include control and automation; low voltage distribution; medium voltage distribution, and potted and specialty. HPS also offers original equipment manufacturers (OEM) a set of products and services. HPS also offers two Encapsulated Distribution Transformer lines: HPS Titan and HPS Fortress. The Company has manufacturing plants in Canada, the United States, Mexico, Italy and India.