Empire Ownership

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

Recent Insider Transactions

OTCPK:EMLA.F Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
12 Sep 25	BuyUS$108,629	Constantine Pefanis	Individual	3,000	US$36.21
01 Aug 25	SellUS$259,495	Sandra Sanderson	Individual	6,500	US$39.92
01 Aug 25	SellUS$348,097	Simon Gagné	Individual	8,796	US$39.57
24 Jul 25	SellUS$286,945	Pierre St-Laurent	Individual	7,005	US$41.10
17 Jul 25	SellUS$82	Michael Medline	Individual	2	US$40.80
16 Jul 25	SellUS$127,731	Douglas Nathanson	Individual	3,100	US$41.43
09 Jul 25	SellUS$182,203	Simon Gagné	Individual	4,475	US$40.72
20 Jun 25	SellUS$98,000	Douglas Nathanson	Individual	2,450	US$40.03
19 Mar 25	SellUS$168,011	Pierre St-Laurent	Individual	5,354	US$31.38
18 Mar 25	SellUS$120,155	Sandra Sanderson	Individual	3,906	US$30.76
16 Dec 24	SellUS$264,305	Simon Gagné	Individual	8,458	US$31.25

Insider Trading Volume

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

Ownership Breakdown

What is the ownership structure of EMLA.F?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	38,197,996	16.6%
Institutions	47,151,519	20.5%
Private Companies	64,598,646	28.1%
General Public	80,197,942	34.8%

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

Top Shareholders

Top 25 shareholders own 60.53% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
14.4%	Sumac Holdings Limited	33,172,175	US$1.2b	0.1%	no data
13.4%	Dunvegan Holdings Limited	30,720,071	US$1.1b	0.1%	no data
12.9%	David Sobey	29,582,564	US$1.1b	0.1%	no data
3.23%	FMR LLC	7,438,392	US$276.1m	0%	0.01%
2.53%	BMO Asset Management Corp.	5,825,682	US$216.3m	-0.72%	0.07%
1.76%	Paul Sobey	4,052,793	US$150.5m	322%	no data
1.56%	Kent Sobey	3,583,281	US$133.0m	0%	no data
1.39%	RBC Global Asset Management Inc.	3,204,131	US$118.9m	0.11%	0.06%
1.28%	Dimensional Fund Advisors LP	2,942,792	US$109.2m	1.76%	0.02%
1.18%	BlackRock, Inc.	2,708,269	US$100.5m	0.54%	no data
0.84%	Mackenzie Financial Corporation	1,924,928	US$71.5m	0.07%	0.07%
0.82%	Canoe Financial LP	1,888,075	US$70.1m	0%	0.71%
0.65%	IG Investment Management, Ltd.	1,499,644	US$55.7m	0%	0.13%
0.59%	Fiera Capital Corporation	1,355,747	US$50.3m	0%	0.12%
0.52%	CI Global Asset Management	1,203,794	US$44.7m	4.99%	0.08%
0.49%	TD Asset Management, Inc.	1,132,064	US$42.0m	0%	0.03%
0.45%	Geode Capital Management, LLC	1,039,771	US$38.6m	14%	no data
0.39%	Tetrem Capital Management Ltd.	900,835	US$33.4m	0%	1.66%
0.38%	SEI Investments Company	869,997	US$32.3m	-5.58%	0.03%
0.37%	CIBC Asset Management Inc.	844,529	US$31.4m	0%	0.05%
0.32%	AQR Capital Management, LLC	744,392	US$27.6m	0%	0.02%
0.31%	Firinn Investments Ltd.	706,400	US$26.2m	0%	no data
0.29%	Frank Sobey	665,379	US$24.7m	0%	no data
0.28%	Canada Pension Plan Investment Board	652,000	US$24.2m	0%	0.01%
0.28%	Goldman Sachs Asset Management, L.P.	638,730	US$23.7m	0.93%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/26 00:25
End of Day Share Price	2025/11/24 00:00
Earnings	2025/08/02
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