Linamar (LNR) has notable insider buying

Linamar (T:LNR)

Frank Hasenfratz, a Senior Officer, Director and 10% Holder executive, acquired 250,000 Common Shares on a direct ownership basis at a price of $12.890 through an exercise of options on August 13th, 2019. This represents a $3,222,500 investment into the company's shares and an account share holdings change of greater than 100%.

Linda Hasenfratz, CEO and Director, acquired 250,000 Common Shares on a direct ownership basis at a price of $12.890 through an exercise of options on August 13th, 2019. The insider also acquired 1,000 Common Shares on an indirect ownership basis for registered holder Emily Newton in Trust at a price of $38.100 through the public market on August 13th, 2019. The insider also acquired 1,000 Common Shares on an indirect ownership basis for registered holder Katherine Newton in Trust at a price of $38.100 through the public market on August 13th, 2019. The insider also acquired 1,000 Common Shares on an indirect ownership basis for registered holder Olivia Newton in Trust at a price of $38.100 through the public market on August 13th, 2019. The insider also acquired 1,000 Common Shares on an indirect ownership basis for registered holder Thomas Newton in Trust at a price of $38.100 through the public market on August 13th, 2019. This represents a $3,374,900 investment into the company's shares and an account share holdings change of 88.1%.

Linamar Corporation is a Canada-based diversified manufacturing company of engineered products powering vehicles, motion, work and lives. The Company operates through two segments: the Powertrain/Driveline and the Industrial. The segments are divided into four operating groups: Machining & Assembly, Light Metal Casting, Forging and Skyjack. The Company's Machining and Assembly, Casting and Forging operating groups focus on precision metallic components, modules and systems for engine, transmission, driveline and body systems designed for global vehicle and industrial markets. The Company's Skyjack operating group is noted for its mobile industrial equipment, notably its aerial work platforms and tele handlers. The Company provides core engine components, including cylinder blocks and heads, camshafts and connecting rods. For transmission, it builds differential assemblies, gear sets, shaft and shell assemblies, as well as clutch modules.