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CEO and officer selling at Magna International (T:MG)

Updated Thursday Mar 22, 2018 03:07 AM EDT

Donald James Walker, CEO and Director, disposed of 100,000 Common Shares on a direct ownership basis at a price of $72.120 on March 19th, 2018. This represents a $7,212,000 divestment of the company's shares and an account share holdings change of -6.8%.

In addition, Tommy Joseph Skudutis, a Senior Officer and Subsidiary Executive, disposed of 48,245 Common Shares on a direct ownership basis at a price of $72.980 on March 20th, 2018. This represents a $3,520,920 divestment of the company's shares and an account share holdings change of -100.0%.

Magna International is in the Auto, Truck & Motorcycle Parts Sub Industry Group under the Consumer Cyclicals Sector.

Magna International Inc. (Magna) is a global automotive supplier. The Company's segments are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company's product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing. The Company has over 320 manufacturing operations and approximately 100 product development, engineering and sales centers in over 30 countries. It provides a range of body, chassis and engineering solutions to its original equipment manufacturer (OEM) customers. It has capabilities in powertrain design, development, testing and manufacturing. It offers bumper fascia systems, exterior trim and modular systems. It offers exterior and interior mirror systems. It offers sealing, trim, engineered glass and module systems. It offers softtops, retractable hardtops, modular tops and hardtops.

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Go to Magna International Inc. (MG)'s company page

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