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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Get 6 issues free
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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%.
Top Director Buys
Rubicon Diversified Investments (RUBI)
Director name: Mr Richard Blakesley
Amount purchased: 688,000 @ 3.85p
Value: £26,488
The Real Good Food Company (RGD)
Director name: Mr Chris Thomas
Amount purchased: 40,000 @ 54.00p
Value: £21,600
Rubicon Diversified Investments (RUBI)
Director name: Mr Edward Winter
Amount purchased: 500,000 @ 3.85p
Value: £19,250
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
Value: $28,174
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
FCA reveals 'once in a generation' advice changes - what the reforms mean for you
Zoopla: House prices slows to 1.4% in May as rate of sales at four year high
