Public market insider selling at Magna International (MG)

Public market insider selling at Magna International (T:MG)

Seetarama Kotagiri, a Senior Officer and Director, disposed of 20,906 Common Shares on a direct ownership basis at a price of US$53.979 on February 21st, 2024. This represents a $1,524,798 divestment of the company's shares and an account share holdings change of -100.0%.

Bruce Cluney, a Senior Officer, disposed of 9,292 Common Shares on a direct ownership basis at a price of US$54.150 on February 21st, 2024. This represents a $679,876 divestment of the company's shares and an account share holdings change of -21.4%.

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

Magna International Inc. is a Canada-based global automotive supplier. The Company has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting, and roof systems. Its Veoneer Active Safety provides sensor, software and systems engineering solutions to a range of customers. The Company's segments include Body Exteriors & Structures; Power & Vision; Seating Systems; and Complete Vehicles. Its Body Exteriors & Structures include body structures, chassis structures, exterior, energy storage systems and other. Its Power & Vision products include electrified powertrain technologies, powertrain subsystems and other. Its Complete Vehicles consist of complete vehicle engineering and complete vehicle manufacturing. The Company's global network includes 341 manufacturing operations and 88 product development.