CGI (GIB)has notable insider net $ selling

CGI (T:GIB)

Jean-Michel Baticle, a Senior Officer, acquired 64,071 Subordinate Voting Shares Classe A on a direct ownership basis at a price of $37.820 through an exercise of options on February 5th, 2024. The insider also disposed 64,071 Subordinate Voting Shares Classe A on a direct ownership basis at a price of $152.859 through the public market on February 5th, 2024. This represents a $7,370,638 net divestment of the company's shares and an account share holdings change of 0%.

François Boulanger, a Senior Officer, acquired 35,495 Subordinate Voting Shares Classe A on a direct ownership basis at a price of $48.160 through an exercise of options on February 5th, 2024. The insider also disposed 35,495 Subordinate Voting Shares Classe A on a direct ownership basis at a price of $152.548 through the public market on February 5th, 2024. This represents a $3,705,249 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 firm. The Company delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. Its segments include Western and Southern Europe (primarily France, Spain and Portugal); United States (U.S.) Commercial and State Government; Canada; U.S. Federal; Scandinavia and Central Europe (Germany, Sweden and Norway); United Kingdom (U.K.) and Australia; Finland, Poland and Baltics; Northwest and Central-East Europe (primarily Netherlands, Denmark and Czech Republic); and Asia Pacific Global Delivery Centers of Excellence (mainly India and Philippines) (Asia Pacific). The Company also specializes in digital transformation, data analytics and managed services in Miami. The Company works with clients through a local relationship model complemented by a global delivery network.