10th Mar 2014 12:42
LONDON (Alliance News) - Direct Line Insurance Group PLC Chief Executive Officer Paul Geddes sold 129,216 shares at 265 pence per share to meet tax and national insurance liabilities after receiving 274,514 shares under the company's long term incentive plan on Friday.
The insurance company said its Chief Financial Officer John Reizenstein sold 28,108 shares at the same price for the same reason after he received 59,713 shares under the long term incentive plan.
Chief Customer Officer Darrell Evans, meanwhile, sold 18,252 shares at the same price to cover his tax liability after receiving 38,775 shares under the plan, while HR Director Sara Gomez sold 1,781 shares to cover her tax liability after receiving 3,783 shares.
Managing Director of Commercial operations Jonathon Greenwood sold 16,427 shares after receiving 34,897 shares, Managing Director for Claims Stephen Maddock sold 17,339 shares after receiving 36,836 shares, Chief Information Officer Angela Morrison sold 14,887 shares after receiving 31,626 shares, and Managing Director for Personal Lines Thomas Woolgrove sold 25,598 shares after receiving 54,382 shares.
All the shares were sold at the same price and for the same reason.
Direct Line Insurance shares were up 0.7% to 267.1 pence Monday.
By Tom McIvor; [email protected]; @TomMcIvor1
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