Toromont Industries (TIH) has notable insider selling

Toromont Industries (T:TIH)

Mike Cuddy, a Senior Officer, disposed 2,800 Common Shares on a direct ownership basis at a price of $94.650 through the public market on December 14th, 2020. This represents a $265,020 divestment of the company's shares and an account share holdings change of -7.3%.

Robert M. Ogilvie, a Director, disposed 55,060 Common Shares on an indirect ownership basis for registered holder 473270 Ontario Ltd. at prices ranging from $93.000 and $93.480 through the public market between December 10th, 2020 and December 11th, 2020. This represents a $5,130,964 divestment of the company's shares and an account share holdings change of -4.7%.

Katherine Anne Rethy, a Director, disposed 712 Common Shares on a direct ownership basis at prices ranging from $90.410 and $93.970 through the public market on December 14th, 2020. This represents a $64,415 divestment of the company's shares and an account share holdings change of -41.9%.

Toromont Industries Ltd is a Canada-based company, which operates through two segments: Equipment Group and CIMCO. The Company's Equipment Group is involved in supply of specialized mobile equipment and industrial engines. It consists of businesses, including Toromont CAT, Battlefield-The CAT Rental Store, Sitech Mid-Canada Ltd., Toromont Energy Ltd. and AgWest Ltd. Its customer base includes infrastructure contractors, residential and commercial contractors, mining companies, forestry companies, pulp and paper producers, general contractors, utilities, municipalities, marine companies, waste handling companies and agricultural enterprises. CIMCO is involved in the design, engineering, fabrication and installation of industrial and recreational refrigeration systems with operations in Canada and the United States. Its customer base consists of companies engaged in all aspects of food and beverage industry, food and beverage processors, and recreational facilities.