- Severn Trent CEO Olivia Garfield sells over £800,000 shares
- Qinetiq CEO cashes in on positive trading update
- AO World CFO sells over £100,000 share due to scheme
QINETIQ CEO BANKS COOL MILLION
Stephen Wadey, CEO of UK defence technology company Qinetiq Group (QQ.) has sold 300,000 shares in aggregate for a total value of £1.036 million.
The sale comes not long after the company’s first quarter trading update on 20 July. In that update, Qinetiq said it was ‘on track’ to deliver year end expectations.
‘Order intake has continued to remain strong, and we are pleased with our revenue, profit and cash performance. Our visibility on revenue under contract for full year 2024 has increased to £1.3 billion, up from £1.1 billion at April 2023’, said the company.
SEVEN TRENT DIRECTORS SATISFY TAX LIABILITIES
Olivia Garfield, CEO of water supply company Severn Trent (SVT) has sold 31,833 shares for a total value of £812,843 on 25 July.
Garfield was awarded 60,483 shares on 16 June 2020 as part of the Severn Trent’s LTIP (long term incentive plan).
She has sold the shares to ‘cover tax and national insurance liabilities.’
Another seven Severn Trent directors and former directors have also sold shares on 25 July to ‘cover tax and national insurance liabilities’ after being awarded shares as part of Severn Trent’s LTIP.
Severn Trent directors include Helen Miles, the newly appointed CFO (chief financial officer) - on 6 July 2023 - she has been with the company since 2014 and the outgoing CFO James Bowles who announced his retirement in February this year.
AO WORLD’S HIGGINS SELLS £100,000 SHARES
Mark Higgins, chief financial officer of electricals retailer AO World (AO.) has sold 107,629 shares at 98p for a total value of £105,067 on 27 July.
The sale is part of the company’s share awards incentive plan (dating from 2018), under the plan Higgins received nil-cost share options in 2020.
Shares in the electricals retailer have been performing well year-to-date up 71% to the 95p mark.
In April 2023 the company lifted its profit outlook again benefiting from recent cost-cutting efforts.
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