McKay Sells RY Shares for $6.5 Million
Royal Bank of Canada's CEO and Director, David Ian McKay, has made a significant move in the public market. On August 24th, he exercised options and disposed of 23,091 Common Shares in Royal Bank of Canada (RY) on a direct ownership basis at $279.971 per share.
This transaction represents a substantial divestment of RY's shares into the public market, with McKay selling a total of $6,464,801 worth of stock.