The wife of Sir Muir Lockhead, the chief executive of FirstGroup has sold her stake worth nearly £400,000 in the bus and train operator.
Lady Audrey Lockhead offloaded just over 100,000 shares in the company at 394.2p a time.
She no longer has any shares in the company, but her husband still has about 1.1m.
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Last month, FirstGroup reported that full-year profit fell 10%, due to the recession and higher fuel costs, while poor weather during the fourth quarter cost the business £16m.
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Profit before tax dropped to £179.6m in the 12 months ended 31 March, down from £200m the year before, on revenue up 2% to £6.3bn thanks to £176.3m of favourable foreign exchange movements.
But it could have been worse without the positive impact of the firm's cost savings programme. It has delivered annual savings of over £200m.
Sir Moir, who started his career as a mechanical engineer, has been chief executive of the company since it was formed in 1995. In 1996 he was awarded the OBE for services to the bus industry and in 2008 he was awarded a Knighthood for services to transport.
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