The Chief Executive Officer (CEO) of FTSE 250 electronics and maintenance products distributor Electrocomponents has, alongside the group's Finance Director, sold off a number of shares awarded under the company's deferred bonus plan.
CEO Ian Mason earned himself £100,554 after selling 48,460 at 207.50p each, while Finance Director Simon Boddie ditched 32,307 for 207.50p each, pocketing a total of £67,037.
Under the plan Mason was awarded 93,005 shares and Boddie was given 62,003, all of which full vested on Monday.
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The company's shares are currently trading down 22%, equal to 61.30p, compared to a year ago, although they have risen 9.0%,, or 17.80p in the last month.
At the end of May the company reported in its final results that the current financial year did not get off to a particularly good start, with the International business declining 2.0%, although the UK grew by 4.0%.
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Top Director Sells
Electrocomponents (ECM)
Director name: Mr Ian Mason
Amount sold: 48,460 @ 207.50p
Value: £100,554
Electrocomponents (ECM)
Director name: Mr Simon Boddie
Amount sold: 32,307 @ 207.50p
Value: £67,037
News Corp. 'A' Shares (NCRA)
Director name: Mr John L Thornton
Amount sold: 1,233 @ $22.85
Value: $28,174
News Corp. 'A' Shares (NCRA)
Director name: Mr Stanley S. Shuman
Amount sold: 1,233 @ $22.85
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News Corp. 'A' Shares (NCRA)
Director name: Mr Lachlan Murdoch
Amount sold: 1,233 @ $22.85
Value: $28,174
News Corp. 'A' Shares (NCRA)
Director name: Mr Andrew S B Knight
Amount sold: 1,233 @ $22.85
Value: $28,174
News Corp. 'A' Shares (NCRA)
Director name: Mr Sir Rod Eddington
Amount sold: 1,233 @ $22.85
Value: $28,174
News Corp. 'A' Shares (NCRA)
Director name: Mr Viet Dinh
Amount sold: 1,233 @ $22.85
Value: $28,174
News Corp. 'A' Shares (NCRA)
Director name: Mr Peter Barnes
Amount sold: 1,233 @ $22.85
Value: $28,174
News Corp. 'A' Shares (NCRA)
Director name: Mr Jose Maria Aznar
Amount sold: 1,233 @ $22.85
Value: $28,174
