Empire Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

TSX:EMP.A Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
13 Apr 26	BuyCA$96,960	Jo Zurel	Individual	2,000	CA$48.48
17 Mar 26	SellCA$102,206	Douglas Nathanson	Individual	2,000	CA$51.10
16 Mar 26	SellCA$114,370	Douglas Nathanson	Individual	2,262	CA$50.76
13 Mar 26	SellCA$21,150	Douglas Nathanson	Individual	429	CA$49.30
13 Mar 26	SellCA$720,000	Sandra Sanderson	Individual	14,400	CA$50.00
15 Dec 25	BuyCA$151,371	Constantine Pefanis	Individual	3,300	CA$45.87
12 Dec 25	BuyCA$137,546	Pierre St-Laurent	Individual	3,000	CA$45.85
12 Dec 25	BuyCA$186,000	Jo Zurel	Individual	4,000	CA$46.50
12 Sep 25	BuyCA$150,549	Constantine Pefanis	Individual	3,000	CA$50.18
01 Aug 25	SellCA$358,085	Sandra Sanderson	Individual	6,500	CA$55.09
01 Aug 25	SellCA$480,350	Simon Gagné	Individual	8,796	CA$54.61
24 Jul 25	SellCA$391,048	Pierre St-Laurent	Individual	7,005	CA$56.01
17 Jul 25	SellCA$112	Michael Medline	Individual	2	CA$56.09
16 Jul 25	SellCA$174,931	Douglas Nathanson	Individual	3,100	CA$56.74
09 Jul 25	SellCA$249,660	Simon Gagné	Individual	4,475	CA$55.79
20 Jun 25	SellCA$134,598	Douglas Nathanson	Individual	2,450	CA$54.98

Insider Trading Volume

Insider Buying: EMP.A insiders have sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of EMP.A?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	38,197,960	17%
Institutions	47,419,210	21%
Private Companies	64,598,646	28.7%
General Public	75,138,305	33.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 61.74% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
14.7%	Sumac Holdings Limited	33,172,175	CA$1.6b	0%	no data
13.6%	Dunvegan Holdings Limited	30,720,071	CA$1.5b	0%	no data
13.1%	David Sobey	29,582,564	CA$1.4b	0%	no data
3.39%	FMR LLC	7,647,151	CA$363.7m	2.79%	0.01%
2.75%	BMO Asset Management Corp.	6,203,342	CA$295.0m	1.88%	0.07%
1.8%	Paul Sobey	4,052,793	CA$192.8m	0%	no data
1.59%	Kent Sobey	3,583,281	CA$170.4m	0%	no data
1.55%	Dimensional Fund Advisors LP	3,497,005	CA$166.3m	8.22%	0.02%
1.5%	RBC Global Asset Management Inc.	3,387,932	CA$161.1m	0.15%	0.05%
1.27%	BlackRock, Inc.	2,860,656	CA$136.1m	8.62%	no data
0.76%	Fiera Capital Corporation	1,720,620	CA$81.8m	21.4%	0.14%
0.66%	Geode Capital Management, LLC	1,481,413	CA$70.5m	2.18%	no data
0.64%	Mackenzie Financial Corporation	1,442,628	CA$68.6m	5.71%	0.04%
0.59%	CI Global Asset Management	1,324,359	CA$63.0m	21.1%	0.08%
0.47%	Canoe Financial LP	1,051,772	CA$50.0m	-44.3%	0.34%
0.39%	TD Asset Management, Inc.	882,378	CA$42.0m	7.13%	0.02%
0.36%	CIBC Asset Management Inc.	820,476	CA$39.0m	-4.82%	0.04%
0.35%	AQR Capital Management, LLC	799,048	CA$38.0m	-0.35%	0.01%
0.34%	Allianz Asset Management GmbH	762,866	CA$36.3m	0%	0.02%
0.33%	Tetrem Capital Management Ltd.	743,654	CA$35.4m	0%	1.18%
0.31%	Firinn Investments Ltd.	706,400	CA$33.6m	0%	no data
0.3%	Australian Super Pty Ltd	680,016	CA$32.3m	-5.85%	0.02%
0.3%	Goldman Sachs Asset Management, L.P.	677,050	CA$32.2m	0.3%	no data
0.3%	Frank Sobey	665,379	CA$31.6m	0%	no data
0.29%	Sjunde AP-fonden	664,601	CA$31.6m	-6.15%	0.02%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/04/16 21:43
End of Day Share Price	2026/04/16 00:00
Earnings	2026/01/31
Annual Earnings	2025/05/03

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Empire Company Limited is covered by 17 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
James Durran	Barclays
Philip Bassil	Beacon Securities Limited
Tamy Chen	BMO Capital Markets Equity Research