Peter Harf, the deputy chairman of the board at Reckitt Benckiser, has once again sold millions of pounds worth of shares in the firm, totalling £23m in just three days.
The company insists the director, who has occupied his position since 1999, isn't going anywhere just yet.
"He's made the sale for personal-professional reasons," the firm said.
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
"Crucially, the sale has nothing to do with Joh A Benckiser (JAB), of which he is chief executive. We have no reason to believe that JAB is planning to make any decisions relating to the firm and will continue to maintain its 15% stake in the company."
After selling £13.3m-worth of shares on Wednesday, Harf then sold another £9.37m-worth on Thursday.
The shares that Harf is selling were purchased before the 1999 merger between Reckitt & Colman and Benckiser.
The share price rose 0.09% to 3,222p by 16:27.
NR
Top Director Buys
Sportingbet (SBT)
Director name: Mr Andrew McIver
Amount purchased: 490,871 @ 32.00p
Value: £157,079
Marston's (MARS)
Director name: Mr Neil G Goulden
Amount purchased: 100,000 @ 96.58p
Value: £96,580
Sportingbet (SBT)
Director name: Mr James Wilkinson
Amount purchased: 269,979 @ 32.00p
Value: £86,393
XP Power Ltd. (DI) (XPP)
Director name: Mr James E Peters
Amount purchased: 7,000 @ 948.62p
Value: £66,403
May Gurney Integrated Services (MAYG)
Director name: Ms Ishbel Jean Stewart Macpherson
Amount purchased: 16,900 @ 295.75p
Value: £49,982
Findel (FDL)
Director name: Mr David A Sugden
Amount purchased: 1,500,000 @ 3.00p
Value: £45,000
Lok'n Store Group (LOK)
Director name: Mr Richard Holmes
Amount purchased: 15,000 @ 98.50p
Value: £14,775
Lok'n Store Group (LOK)
Director name: Mr Richard Holmes
Amount purchased: 10,000 @ 101.00p
Value: £10,100
Top Director Sells
Reckitt Benckiser Group (RB.)
Director name: Mr Peter Harf
Amount sold: 291,895 @ 3,211.26p
Value: £9,373,507
Diageo (DGE)
Director name: Mr Paul S Walsh
Amount sold: 145,000 @ 1,363.00p
Value: £1,976,350
‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?
MPs warn over Lifetime ISAs which could leave savers out of pocket
