RE:RE:RE:CEO dumped all his shares
Seems to me there is more to this - i am having understanding what's been taking place. It almost seems the selling is triggered by other events. I don't know if that applies to the recent sells but it would seem unfathomable that he would liquidate his holdings as CEO. I believe he owns ~19M Class B shares of Fiera LP which can be converted to Class A shares. I don't think any of those have been sold. If you were concerned enough, I am sure a quick call to Fiera would straighten things out.
tC
On May 11, 2023, Fiera Capital Limited Partnership (“Fiera LP”) transferred 1,111,068 Class A
subordinate voting shares in the capital of FCC (“Class A Shares”) to a unitholder controlled by a
former employee of FCC (the “Transferee”) in connection with the exercise of existing divestiture
rights by such unitholder, the whole under the terms of the limited partnership agreement governing
Fiera LP (the “Transfer”). Mr. Desjardins, who indirectly controls Fiera Holdings Inc., the sole
general partner of Fiera LP, was not involved and had no control over such Transfer, and did not dispose of any shares in connection with such transaction.
....
Immediately after the Transfer, Fiera LP owned 2,116,258 Class A Shares, representing
approximately 2.53% of the then issued and outstanding Class A Shares, and a total of 19,412,401
Class B Shares. Assuming the conversion of its 19,412,401 Class B Shares into Class A Shares,
Fiera LP would own 21,528,659 Class A Shares, representing approximately 20.9% of all the then
issued and outstanding shares of FCC
On July 12, 2022, Mr. Desjardins sold 135,588 Class A Shares at a price of $9.2504 per Class A
Share for a total consideration of $1,254,243.24 (the “Sale”).
Mr. Desjardins indirectly controls Fiera Holdings Inc., the sole general partner of Fiera Capital
Limited Partnership (“Fiera LP”) which holds a total of 4,246,511 Class A Shares and a total of
19,412,401 Class B special voting shares (the “Class B Shares”). Since May 13, 2019, Fiera LP
disposed of an aggregate of 1,480,741 Class A Shares as a result of the exercise of existing
divestiture rights by unitholders who were employees of FCC, the whole under the terms of the
limited partnership agreement governing Fiera LP. Mr. Desjardins was not involved and had no
control on any such divestiture