Canadian technology firm Constellation Software Inc. saw a surge in insider selling in June, driven by a senior executive’s move to unload C$102.6 million ($75 million) of shares ahead of a hike to the nation’s capital-gains tax.
Mark Miller, chief operating officer of the Toronto-based firm, sold a combined 27,000 shares in three transactions in the middle of June, marking his first dispositions of Constellation stock since 2019, according to data on Canada’s System for Electronic Disclosure by Insiders. He had about 252,000 shares as of June 19, data compiled by Bloomberg show. Other executives sold as well, ...
