Serco chief raises stake
A round-up of the biggest director deals today so far.
Serco chief executive Christopher Hyman has bought shares and exercised options in the support services firm.
Hyman purchased 38,303 ordinary shares at a price of 404.50p per share, which are to be held as Investment Shares under the terms of the company's deferred bonus plan.
In addition, Hyman exercised nil cost options over 438,073 shares, granted to him under the Company's Long Term Incentive Schemes.
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
He retained 105,000 shares, which have been transferred to Mrs Lianne Hyman. The balance of 333,073 shares was sold on market at a price of 400.75p per share, of which 207,031 were sold to settle Tax, NI and related costs.
Following these transactions, Hyman's beneficial interest has increased to 320,413.
"Mr Hyman has now also fully satisfied the Company's share ownership requirement of two times base salary," said the group.
Top Director Buys
Value: £154,936
Value: £28,000
Value: £22,920
Top Director Sells
Value: £829,780
Value: £505,176
Value: £172,973
Value: £128,743
Value: £80,724
Value: £79,027
Value: £71,750
Value: £43,755
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Christmas at Chatsworth: review of The Cavendish Hotel at Baslow
MoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
By Dr Matthew Partridge Published
-
Tycoon Truong My Lan on death row over world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
By Jane Lewis Published