Desmarais, jr. Paul

Desmarais, jr. Paul is a declared insider of GBL (chief executive), with filings sourced from FSMA. We count 6 filings; the first trade dates from 31 May 2022 and the latest from 22 June 2026.

The open-market record is one-sided, with 6 purchases worth €163k and not one sale. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. In 2026 alone, the filings show 2 purchases and no sales.

In size, the median ticket on the buying side is €27k. Clusters matter here: 5 out of 5 purchases overlapped with buying by a colleague within 30 days. When several insiders buy within a few weeks of each other, analysts speak of a cluster purchase. After 5 purchases with a full 90-day history, the hit rate stands at 40% and the median 90-day move at -0.5%. They describe history only and say nothing certain about the share price ahead.

The record was last updated on 25 June 2026 with an open-market purchase (€28k) in GBL. Between a trade and the moment it shows up on FSMA, the median delay is 3 days. The legal deadline for notifying a trade is three business days (MAR article 19). These figures are compiled from regulatory filings published by FSMA. They describe what insiders did and are not a recommendation.