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Director dealings: Diversified Energy board members invest, Reckitt CFOs cover tax bills
(Sharecast News) - Reckitt Benckiser was at the top of the list of director sells on Wednesday, after both its outgoing and incoming finance chiefs offloaded large tranches of shares to cover tax liabilities. The consumer products giant said its current chief financial officer Jeff Carr picked up 40,000 shares at nil cost under the 2015 long-term investment plan, while its CFO-designate Kris Licht vested 25,000 nil-cost shares.
Carr then sold 19,203 shares at 6,290.86p each to cover tax liabilities, netting a total of £1,208,033.65.
Licht, meanwhile, offloaded 12,842 shares also for tax purposes, also at 6,290.86p apiece, for a transaction value of £807,872.11.
On the buying side of things, Diversified Energy disclosed a pair of large investments made by two of its directors.
It said president and chief executive officer Rusty Hutson, Jr bought 176,951 shares on the open market at 83.52p each, valuing the transaction at £147,789.48.
"Following this purchase, Mr Hutson is now interested in 24,079,841 ordinary shares, representing approximately 2.479% of the company's issued share capital," the firm said in its filing.
Independent non-executive chair David Johnson, meanwhile, added 10,000 shares to his holding at a price of 83.08p apiece, making that investment worth £8,308.00.
It said after that purchase, Johnson was now interested in 460,000 of its ordinary shares, representing about 0.047% of its issued share capital.
At 1415 BST, shares in Reckitt Benckiser Group were up 0.32% at 6,310p, while those in Diversified Energy Company were 1.43% firmer at 85.05p.
Reporting by Josh White for Sharecast.com.
DIRECTOR SELLS
Company: Reckitt Benckiser Group Name: Jeff Carr Volume: 19,203 Price: 6,290.86p Value: £1,208,033.65
Company: Reckitt Benckiser Name: Kris Licht Volume: 12,842 Price: 6,290.86p Value: £807,872.11
Company: London Stock Exchange Group Name: York Holdings II Volume: 8,945 Price: 8,484.92p Value: £758,976.09
Company: Intertek Group Name: Andre Lacroix Volume: 14,790 Price: 4,195p Value: £620,440.50
DIRECTOR BUYS
Company: Intertek Group Name: Andre Lacroix Volume: 31,468 Price: 4,195p Value: £1,320,082.60
Company: Diversified Energy Company Name: Rusty Hutson, Jr Volume: 176,951 Price: 83.52p Value: £147,789.48
Company: Supermarket Income REIT Name: Tilford Holdings Volume: 40,398 Price: 79.21p Value: £31,999.26
Company: British American Tobacco Name: Julia Wheaton Volume: 840 Price: 2,605p Value: £21,882.00
Company: SSP Group Name: Tim Lodge Volume: 4,840 Price: 264.48p Value: £12,800.83
Company: Diversified Energy Company Name: David Johnson Volume: 10,000 Price: 83.08p Value: £8,308.00
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