20th Nov 2019 16:27
(Alliance News) - Taylor Wimpey PLC on Wednesday said Chief Executive Pete Redfern sold 2.2 million shares at 174.232 pence each.
Redfern sold the shares on Tuesday for a total of around GBP3.8 million, leaving him with 1.5 million shares - representing a value 3.1 times his salary.
This is still substantially higher than the guideline of twice annual salary for each executive director at the housebuilding firm, Taylor Wimpey said, adding the sale is considered "part of regular financial planning".
Shares in Taylor Wimpey, which has its head office in Buckinghamshire, were down 1.2% at 172.00p in London on Friday afternoon.
By Anna Farley; [email protected]
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