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Pin to quick picksDiversified Energy Share News (DEC)

Share Price Information for Diversified Energy (DEC)

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Director dealings: Diversified Energy board members invest, Reckitt CFOs cover tax bills

Wed, 31st May 2023 14:09

(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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