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(Alliance News) - HSBC Holdings PLC said Tuesday the chief executive of its UK bank has sold a combined 50,000 shares in the FTSE 100-listed lender in two transactions.
Ian Stuart, chief executive of HSBC UK Bank PLC, sold 25,000 shares at 649.94 pence last Friday for a total of GBP162,485. He then sold another 25,000 on Monday at 654.42 pence for a total of GBP163,605.
Combined, Stuart sold a total of GBP326,090 in shares over the two transactions. Stuart's total holdings following the deals was not disclosed.
Shares in HSBC closed down 0.4% Tuesday at 655.90 pence each.
In mid-May, the boss of the lender's private bank sold shares worth GBP130,502. Global Private Banking Chief Executive Officer Antonio Simoes - appointed in January, having been at the firm since 2007 - sold 20,000 shares at 652.5 pence each.
In March, three senior executives have sold around GBP1.7 million in stock.
Chief Risk Officer Marc Moses sold 146,649 shares at a price of 625 pence per share, for a total of GBP915,969.
Global Banking & Markets Chief Executive Samir Assaf disposed of 100,457 shares at the same price at a total of GBP627,454.
HSBC US Chief Executive Patrick Burke sold 30,448 shares also at 625 pence each, for a total of GBP190,312.
