Michael James Motz, a Subsidiary Executive, exercised Options and disposed of 37,520 Common Shares on a direct ownership basis at a price of $60.419 on November 21st, 2018. This represents a $2,266,932 divestment of the company's shares and an account share holdings change of -46.6%.
Loblaw Companies is in the Food Retail & Distribution Sub Industry Group under the Consumer Non-Cyclicals Sector.
Loblaw Companies Ltd is a Canada-based company engaged in food retail and distribution business sector. The Company operates through two segments: Retail and Financial Services. The Company's Retail segment consists of corporate and franchise-owned retail food and Associate-owned drug stores, and includes in-store pharmacies and other health and beauty products, gas bars, groceries, apparel, general merchandise, financial services, and wireless mobile products and services. The Company's Financial Services segment provides credit card services, loyalty programs, insurance brokerage services, personal banking services, gift cards and telecommunication services. Loblaw Companies Limited (L) has below median officer and director direct ownership compared to its large-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has divested a net amount of $2,266,932.
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