LONDON (Alliance News) - Pharmaceutical giant GlaxoSmithKline PLC Friday said Chief Executive Officer Andrew Witty made several share transactions on May 1.
Witty transferred by way of gift 500 shares in the company to each of his two children, and also sold 731 shares at 1,629.0550 pence each, then repurchased 724 shares at 1,629.4650 pence, which he then transferred in his individual savings account.
Witty also exercised options over 100,000 shares via a share option plan at a price of GBP11.23 per share, and sold them all for GBP16.385 each.
Glaxo also said James Ford, who is senior vice president, general counsel and compliance officer of consumer healthcare at GlaxoSmithKline, sold 5,874 American Depositary Shares in the company, at a price of USD55.543 per ADS.
The company said Emma Walmsley, president of consumer healthcare worldwide, will receive a cash payment of 1,632.25 pence per share in respect of 25.8 million notional ordinary shares, following the vesting of an award under the company's deferred investment award plan.
Shares in GlaxoSmithKline closed 0.6% lower Friday at 1,627.50 pence each.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
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Glaxosmithkline (GSK)