David George, finance boss of Enterprise Inns, and his wife Joy sold a combined total of nearly £380,000 in the tenanted pub operator to 'part fund a family project.'
He sold 200,000 shares for 126.4p, and his wife sold 100,000 at the same price.
The sales leave George with just over 2m shares in the firm.
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Shares in Enterprise Inns, which has an estate of more than 7,000 pubs, have fallen sharply in the past two years in an extremely difficult period for the pub trade.
Last week it said its underlying trading performance appears to be stabilising, with the rate of decline in beer sales reducing. It has recently been selling pubs as it seeks to ease its debt pile.
Top Director Sells
Value: £252,800
Value: £126,400
Value: £38,147
Value: £30,519
Value: £27,469
Value: £24,586
Value: £22,126
Value: £19,504
Value: £16,810
Value: £15,053
