Kinross Gold (TSX: K) is in the news for all the wrong reasons this morning, with its CEO, Jonathan Paul Rollinson, having filed this week the sale of a substantial portion of his equity holdings in the company.
Rollinson on Tuesday filed the sale of 1.3 million common shares of Kinross, at an average price of $14.00 a share. The sale generated gross proceeds of $18.2 million, and follows the sale of 200,000 shares at an average price of $14.01 a share earlier this month.
All told, Rollinson in November has sold 47% of his free trading common shares in Kinross, for gross proceeds of $21.0 million.
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Outside of common shares, Rollinson also holds 2,018,170 restricted shares, and no options in the equity. On a combined basis, he sold 28.8% of his stake in the company.
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No notes were included on either of the sale filings made with Sedi.
Kinross Gold last traded at $13.74 on the TSX.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
