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.
Comments (4)
Looks like they know what the Q3 income and trend into Q4 is so they’re getting some cash out while they can….
I don’t begrudge people picking up big paypackets but the lack of innovation at Rightmove is staggering.
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.
A case of cash in when you achieve your own personal goal, regardless of what you did to your customers to get there?