• Text size      
  • Send this article to a friend
  • Print this article

Sir Brian takes stock after selling Stagecoach shares

SIR Brian Souter has sold more than £200,000 of Stagecoach shares after receiving stock under a long-term incentive plan.

A stock market filing shows the co-founder of the group, now its chairman, got 54,758 shares through a bonus scheme granted in 2011.

Stagecoach confirmed yesterday Sir Brian sold all of the shares at a price of 376.7p. Chief executive Martin Griffith received 73,085, worth more than £275,000, but immediately sold 34,437, around £129,000 worth, to meet the taxation associated with that particular award.

Finance director Ross Paterson got 27.801 shares, valued at around £102,000, then sold 12,760 to meet the taxes.

Stagecoach shares closed up 3.5p, or one per cent, at 385p.

Contextual targeting label: 
Finance

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

244794