Is the party in question guilty of a violation of U.S. insider trading law if they followed through with their proposed plans/strategies?

As an investment officer for a major life insurance company, you are evaluating the potential purchase of certain corporate debt instruments, currently held by a set of investment funds, for approximately 94% of their par value.Your insurance company employer is a shareholder I the corporation that issued the debt,two of your employers nominees sit on the corporations board of directors, and as you are aware but unbeknownst to the potential seller or the general public the corporations prospects are looking up, it is appointing a new and wellknown chief executive, and the corporation is considering refinancing the debt at its full par value.