17th Mar 2014 16:29
LONDON (Alliance News) - Prudential PLC Monday said Executive Director Michael Wells sold 23,889 American Depository Receipts at a price of USD44.945 each Friday, having been allotted 56,945 ADRs under the insurer's performance share plan, with the balance of 33,056 ADRs retained.
The company also said Wells was allotted 48,268 ADRs under its Deferred Bonus Plan and, after withholding of 20,248 ADRs for tax purposes, 28,020 ADRs at a price of USD44.81 were transferred to Wells, also on Friday.
Following these transactions, Wells, who is president and chief executive officer of Prudential's US arm, Jackson National Life Insurance Co, has a holding of 251,730 ADRs, representing less than 0.02% of the issued share capital.
Shares in the insurance company were up 1.2% at 1,362.50 pence near the close Monday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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