Telus CEO and his family trust invest nearly $10 million in additional stock

VANCOUVER – Telus Corp.’s president and chief executive officer, Darren Entwistle, recently invested nearly $10 million in the company’s stock.

The Vancouver-based company says Entwistle directly purchased 79,000 shares on Dec. 17 at an average price of $37.76 and his family trust purchased 180,000 shares at an average price of $37.86.

Following the purchase, Entwistle personally owns 233,865 Telus shares and 392,517 restricted stock units with a total value of about $24 million

Telus shares (TSX:T) closed Monday at $38.45 on the Toronto Stock Exchange.