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.
He also disposed 201,000 shares under the Long term Incentive Scheme 2006 (Value Builder Share Plan) at the same price.
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
-
Which UK region has the most in savings? Average savings by areaThe amount people have in their savings differs from region to region in the UK. How does your nest egg compare to those living nearby?
-
Doug and Mary Perkins: Specsavers’ clear-sighted foundersHelped by the deregulation of the sector in the 1980s and brilliant advertising, Mary Perkins and her husband Doug have taken Specsavers to the top of the optometry market
