Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over. The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts. Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock’s valuation; perhaps an insider needs to raise money for personal reasons. An insider’s total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company. I tend to put great weight on insider transaction activity when I see multiple insiders trading a company’s shares or units. Listed below is a stock that has had recent buying activity in the public market reported by an insider. Bird Construction Inc. (BDT-T) On April 15 and 16, Richard Bird, who sits on the board of directors, invested over $2-million in shares of Bird. He acquired a total of 100,000 shares at an average price per share of roughly $20.46 for an account in which he has indirect ownership. After these transactions, this particular account held 1,200,000 shares. Mr. Bird is the former chief financial officer of Enbridge Inc. The company pays its shareholders a monthly dividend of 7 cents per share or 84 cents per share yearly, equating to a current annualized yield of 4 per cent. Management targets a payout ratio of 33 per cent of net income. The dividend has increased by a total of 215 per cent over the past three years. Most recently, management announced a 50 per cent dividend hike in Oct. 2024. ** Listed below are three securities that have had recent selling activity in the public market reported by insiders. CI Financial Corp. (CIX-T) Between April 8-17, director Brigette Chang sold a total of 906,700 shares at an average price per share of approximately $31.16 for an account in which she has control or direction over (GRC Ltd.), after which this specific account held 8,839,540 shares. Proceeds from the sales totaled over $28 million, excluding trading fees. Osisko Gold Royalties Ltd. (OR-T) On April 17, chief financial officer and vice president, finance Frédéric Ruel exercised his options, receiving 25,000 shares at a cost per share of $13.50, and sold 25,000 shares at a price per share of $32.40, after which this particular account held 86,583 shares. Net proceeds totaled more than $472,000, excluding any associated transaction charges. On April 16, vice president, corporate development Iain Farmer exercised his options, receiving 26,100 shares at a cost per share of $13.50, and sold 26,100 shares at a price per share of $32.9203, after which this particular account held 23,299 shares. Net proceeds totaled more than $506,000, not including any associated transaction fees. SIR Royalty Income Fund (SRV-UN-T) Between April 1-16, Lembit Janes, who sits on the board of trustees, sold a total of 65,800 units at an average price per unit of approximately $12.55, trimming the holdings in this particular account to 991,512 units. Proceeds from the sales exceeded $825,000, excluding commission charges. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.