RE:A question about insiders purchasing stocksHumanist wrote: total of 25k oreferred shares split into 6 equal amounts.. does anyone think this is orchestrated and not the natural way insiders usually buy or sell shares.. does anyone make anything of it.. i don't mean it in a negative way, just trying to understand it and would appreciate any comments on it.. thx
I asked a CPA friend about this.
He said they are deferred shares and used as a form of compensation at a future date . ex retirement.
"Deferred share units (DSUs) are hypothetical share units that are granted to you based on your position in the company, the length of time you have been employed by the company and/or the company’s performance. These notional units fluctuate in value based on the underlying company stock but do not represent actual share ownership until you convert the units to shares at redemption time. DSUs are designed to mirror share ownership and you will generally be granted additional DSUs equal to the value of dividends being paid on the regular shares. DSUs can only be awarded to employees of a corporation; employees of a partnership or mutual fund trust cannot be granted DSUs. DSUs generally cannot be redeemed until after your retirement, termination of your employment, or death. You may redeem your DSUs for either company shares or cash."