MDA chief executive made $35.7-million on company stock options before shares fell

MDA CEO Michael Greenley at the company’s Brampton facility in 2021. Mr. Greenley exercised about a million stock options on Aug. 18 at a unit price of $9.60, then sold those shares on the public market for $45 each.

The chief executive officer of space technology company MDA Space Ltd. made $35.7-million exercising stock options, three weeks before the company’s share price plunged 25 per cent when U.S. telecom EchoStar Corp. unexpectedly cancelled a major contract.

Michael Greenley disclosed the recent stock sale in filings on SEDI, an electronic system maintained by Canadian securities regulators to track stock ownership by directors and officers of public companies.

Mr. Greenley exercised about a million stock options on Aug. 18 at a unit price of $9.60, the filings show. He then so