His share sales were revealed in an announcement by Edinburgh-based RBS to the stock market yesterday afternoon.
The bank said Mr Sullivan, who was appointed to his current post in August 2009 and was previously chief executive of RBS Insurance, had exercised nil-cost options over 120,928 Ordinary shares awarded under RBS's medium-term performance plan on September 19 and sold these shares on the same day at 267.52p each, "the proceeds of which will be subject to relevant taxes". This sale realised about £323,507.
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