SEDI is Canada and on the website they define insiders as "insiders (directors, senior officers and significant shareholders)". Significant shareholders are those who hit certain thresholds (5%, 10% ets.)
A quick review of the SEDI definition shows you might be right Katy, so possibly he has just seen so much and been involved in details to the point that he could be seen as an Officer. Regardless, his endorsement is a good one and if he's not been hired, it's even more impressive. Makes those in senior management who have not bought shares in the open market look a bit bad. Especially since this clause is still in the Insider Trading Policy for IOC:
"Additional Rules for Directors, Executive Officers, Vice Presidents and Managers
The Company believes that, in order to align the interests of Company management with shareholders,
directors, executive officers, vice presidents and managers (“Covered Persons”) should maintain a significant
equity interest in the Company. In light of this position, and because trading in the Company’s securities by
Covered Persons may send inappropriate or potentially misleading signals to the market, it is the Company’s
policy that any increase or decrease in a Covered Person’s position in the Company’s securities, other than
increases that occur as a result of a grant of Company securities pursuant to Company stock incentive plans,
must receive prior approval by the Compensation Committee."
A quick review of the SEDI definition shows you might be right Katy, so possibly he has just seen so much and been involved in details to the point that he could be seen as an Officer. Regardless, his endorsement is a good one and if he's not been hired, it's even more impressive. Makes those in senior management who have not bought shares in the open market look a bit bad. Especially since this clause is still in the Insider Trading Policy for IOC:
"Additional Rules for Directors, Executive Officers, Vice Presidents and Managers
The Company believes that, in order to align the interests of Company management with shareholders,
directors, executive officers, vice presidents and managers (“Covered Persons”) should maintain a significant
equity interest in the Company. In light of this position, and because trading in the Company’s securities by
Covered Persons may send inappropriate or potentially misleading signals to the market, it is the Company’s
policy that any increase or decrease in a Covered Person’s position in the Company’s securities, other than
increases that occur as a result of a grant of Company securities pursuant to Company stock incentive plans,
must receive prior approval by the Compensation Committee."