Royal Bank of Canada Director Sells $6 Million Worth of Shares

Royal Bank of Canada (TSE:RY) Director David Ian Mckay sold $6,464,787.27 worth of shares on August 24th. The sale occurred at an average price of C$279.97 per share.

The transaction represents a 79.72% decrease in McKay's position as director of the company. After the sale, McKay owned approximately 5,873 shares valued at $1,644,263.81.

This was not the first time McKay has sold shares this year. He also made similar transactions on July 22nd and June 22nd and 23rd, selling a total of $38,236,267.30 worth of shares.