Public market insider selling at Power of Canada (POW)

Public market insider selling at Power of Canada (T:POW)

André Desmarais, a Director and Subsidiary Executive, disposed of 975,000 Subordinate Voting Shares on a direct ownership basis at a price of $38.220 on March 21st, 2022. This represents a $37,264,988 divestment of the company's shares and an account share holdings change of -32.9%.

Power of Canada is in the Life & Health Insurance Sub Industry Group under the Financials Sector.

Power Corporation of Canada is a management and holding company. The Company provides financial services in North America, Europe and Asia. Its core holdings include insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms. The Company operates through three segments: Lifeco, IGM Financial and GBL. Lifeco is a financial services holding company with interests in life insurance, health insurance, retirement and investment management services, asset management and reinsurance businesses, primarily in Canada, the United States and Europe. IGM Financial is a wealth and asset management company supporting financial advisors and the clients they serve in Canada, and institutional investors throughout North America, Europe and Asia. GBL is a Belgian holding company focused on long-term and sustainable value creation. GBL is indirectly held through Parjointco.