LONDON, March 20 (Reuters) - Rich Ricci, the head ofBarclays' investment bank, has sold shares worth almost 17million pounds ($25.7 million) straight after receiving themunder previous deferred bonuses or long-term share awards.
Barclays said on Wednesday Ricci was awarded 5.7 millionshares on Tuesday and had sold them all. By 1554 GMT Barclaysshares were down 1.3 percent at 294 pence, valuing the stake at16.8 million pounds.
Ricci was one of nine directors to receive shares, and oftenabout half of them are sold to cover taxes. Antony Jenkins, whotook over as CEO at the end of August, received 1.8 millionshares and sold 943,000.
Barclays (BARC)