Sainsbury's chief executive Justin King has sold around £1.8m worth of options in the supermarket chain.
King exercised an award of 898,000 shares under the J Sainsbury Share Plan 2005. He sold 369,000 of those shares at 318p each to fund the tax and national insurance liability from the exercise of the award and retained the remaining shares.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely 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
King now holds 1.16m shares in the group.
Trading director Mike Coupe also sold some options in the supermarket chain.
Top Director Buys
Value: £13,140
Top Director Sells
Value: £1,173,503
Value: £1,137,347
Value: £794,390
Value: £659,526
Value: £639,517
Value: £126,873
-
73% of savers plan to rely on partner’s pension in retirementA new survey suggests the majority of people may lack financial independence in retirement, with almost three-quarters set to rely on their partner’s pension
-
How much you need to follow the 25x retirement rule – will you have enough to be financially independent?We explain what the 25x retirement rule is and the amount you would need to be financially independent in retirement.
