Rightmove bosses have exercised their share options and enjoyed a pay day.
Chief executive Peter Brooks-Johnson exercised options due to expire in March, and sold 254,510 shares at an average price of 542p.
The shares were sold for a total £1,379,444.
Finance director Robyn Perris sold 74,830 shares at the same price.
Brooks-Johnson still has over 2m shares in Rightmove, and Perris almost 268,000.
The pair both sold last week slightly above Friday’s closing price of 540p.
A case of cash in when you achieve your own personal goal, regardless of what you did to your customers to get there?
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It’s a shameful way to obtain money in my view …..however, they and others are well skilled in lining their own pockets on the backs of others.
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I don’t begrudge people picking up big paypackets but the lack of innovation at Rightmove is staggering.
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Looks like they know what the Q3 income and trend into Q4 is so they’re getting some cash out while they can….
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