Spirit Pub Company's outgoing chief executive Ian Dyson has purchased £58,575 worth of shares just days before he exits the company.
The director, who is leaving the firm after just over a year in the job, bought up 150,000 shares at 39.05p.
The former Marks & Spencer finance director will leave his post at the company's AGM in December to be replaced by his deputy Mike Tye.
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Dyson's replacement Tye joined Punch Taverns in 2008 and was managing director of the managed business prior to Spirit's demerger from Punch in August 2011.
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The announcement, made in October, followed strong full year results with earnings per share up 18%.
Speaking about the resignation of Dyson, chairman Walker Boyd said he had led the business through a period of major change, leading to the successful demerger of Spirit and a significant improvement in operating performance and results.
"He will leave Spirit with a clear and exciting strategy, strong operational momentum, a high calibre management team and a well qualified successor," he said.
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