OTTAWA — Paul Tellier, president and chief executive officer of Canadian National Railway Co., made more than $6 million selling CN stock in May.
According to the latest insider trading reports filed with the Ontario Securities Commission, Mr. Tellier exercised options on May 6 to buy 88,000 shares at $35.70 each and another 84,000 at $44.60. He sold them all — 172,000 shares — at $74.811 apiece the next day. On May 15, Mr. Tellier exercised options to buy 28,000 shares at $44.60 each and sold 8,000 at $77.614 the same day.
Excluding trading costs, Mr. Tellier made $6.2 million on the trades.
After the trades, Mr. Tellier held 121,888 shares directly, according to the OSC insider report.