CGI (GIB)has notable insider net $ selling

CGI (T:GIB)

George Donald Schindler, CEO and Director, acquired 53,226 Subordinate Voting Shares Classe A on a direct ownership basis at a price of $36.150 through an exercise of options on December 14th, 2022. The insider also disposed 53,226 Subordinate Voting Shares Classe A on a direct ownership basis at a price of $119.249 through the public market on December 14th, 2022. This represents a $4,423,038 net divestment of the company's shares and an account share holdings change of 0%.

CGI Inc. is a Canada-based information technology (IT) and business consulting services company. The Company's segments include Western and Southern Europe (primarily France and Portugal); United States (U.S.) Commercial and State Government; Canada; U.S. Federal; United Kingdom (U.K.) and Australia; Central and Eastern Europe (primarily Germany and the Netherlands); Scandinavia; Finland, Poland and Baltics; and Asia Pacific Global Delivery Centers of Excellence (India and Philippines). The Company delivers a range of services, including business consulting, strategic IT and systems integration, managed IT and business process services, and intellectual property. It delivers end-to-end services that covers the full spectrum of technology delivery, from digital strategy and architecture to solution design, development, integration, implementation, and operations. The Company's subsidiaries include CGI Deutschland B.V. & Co KG, CGI Federal Inc., CGI France SAS, and CGI IT UK Limited.