Director Dealings News | The Twelfth Magpie

Director dealings: Vodafone, Deliveroo, FirstGroup

John Choong — Sat, 20 Aug 2022 07:00:15 +0000

Director dealings are essentially insider transactions for shares between directors and the companies they work for. These dealings are always made public, and are often considered a good indicator of a company’s future prospects. However, they don’t get nearly as much attention as other company news due to their complex nature. Nonetheless, here I’m breaking down this week’s biggest director dealings from three FTSE firms.

Vodafone

VodafoneÂ (LSE:VOD) is a British multinational telecommunications company. It predominantly operates services in Asia, Africa, Europe, and Oceania. The company runs at least some form of operations in over 150 countries.

Following lacklustre numbers from its Q1 trading update, the share price dropped by 5%. It has stayed there since. Despite that though, it’s a sign of confidence when a high-ranking director purchases shares. And this week, Vodafone’s Chairman decided to reinvest his dividends into buying more Vodafone shares.

Name: Jean-FranÃ§ois van Boxmeer
Position of director: Chairman
Nature of transaction: Dividend shares
Date of transaction: 10 August 2022
Amount bought: 9,975 @ Â£1.21
Total value: Â£12,069.75

Deliveroo

Deliveroo (LSE: ROO) is a British online food delivery company. It operates in over 200 locations across the UK, and is the second-biggest food delivery platform in the country. It also operates internationally with operations in France, Singapore, Australia, and many more.

In this weekâs transaction, a director exercised his option to redeem stock compensation. Following this, he opted to sell approximately half of the shares received to cover tax liabilities. That being said, it’s worth noting that this is a monthly occurrence from the company’s CFO. As such, these actions shouldn’t impact investor sentiment surrounding the stock. It’s worth pointing out, however, that the sale of these shares dilute shareholders’ value. This is because there are now more Deliveroo shares floating on the market.

Name: Adam Miller
Position of director: Chief Financial Officer
Nature of transaction: Award shares
Date of transaction: 15 August 2022
Amount vested: 83,400 @ Â£0.96
Total value: Â£80,247.48

Name: Adam Miller
Position of director: Chief Financial Officer
Nature of transaction: Sales of shares to cover tax liabilities
Date of transaction: 15 August 2022
Amount sold: 40,402 @ Â£0.95
Total value: Â£38,381.90

FirstGroup

FirstGroup (LSE: FGP) is a British multi-national transport group. The FTSE 250 firm is the leading transport operator in the UK and North America. It is widely known for being a provider of public transport, especially buses in the UK.

Rather surprisingly, its shares have managed to outperform the wider UK market index this year. But after the share price took an 11% hit last week, a couple of large director dealings were carried out. The first involves a non-executive director purchasing a substantial number of shares. But what really caught my eye were the conditional share awards that could be awarded to FirstGroup’s CEO and CFO. This should shore up investors’ confidence in the stock, as the group’s management will have to perform and meet investors’ expectations in order for these award shares to vest.

Name: Sally Cabrini
Position of director: Non-Executive Director
Nature of transaction: Purchase of shares
Date of transaction: 17 August 2022
Amount vested: 10,000 @ Â£1.15
Total value: Â£11,482

Name: Graham Sutherland
Position of director: Chief Executive Officer
Nature of transaction: Award shares
Date of transaction: 18 August 2022
Amount vested: 972,590 @ Nil
Total value: N/A

Name: Ryan Mangold
Position of director: Chief Financial Officer
Nature of transaction: Award shares
Date of transaction: 18 August 2022
Amount vested: 1,003,226 @ Nil
Total value: N/A

Types of Shares

To provide context, there are a few types of shares that can be purchased by directors. Some directors opt to purchase shares via the open market. Having said that, directors also have the option to purchase and receive shares via a share incentive plan (SIP).

A SIP is an employee plan for companies within the UK to flexibly award shares to employees. Publicly listed companies normally exercise this option because itâs tax-efficient for both the employer and its employees.

Types of shares within a SIP

In this week’s set of director dealings, a few types of SIPs were exercised. For starters, Vodafone’s Chairman opted to purchase more Vodafone shares from the dividends he received from his current shares.

On the other hand, Deliveroo’s CFO decided to exercise the option of redeeming his restricted stock units. These are a form of award shares which allow for directors to redeem shares at a later date, as either as part of their salary or based on meeting performance obligations.

FirstGroup’s CEO and CFO were awarded shares as well, but these will only be vested once performance targets are met. In this case, more than 1.5m shares are up for grabs between the two directors under the operator’s long-term incentive plan (LTIP). The LTIP award will normally vest on the third anniversary of the date of award, subject to satisfaction of performance conditions and continued employment. The award is also subject to an additional holding period of two years from the date on which the award vests.

The post Director dealings: Vodafone, Deliveroo, FirstGroup appeared first on The Twelfth Magpie.

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John Choong has no position in any of the shares mentioned. The Motley Fool UK has recommended Deliveroo Holdings Plc and Vodafone. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Director dealings: Rolls-Royce, Admiral, Dunelm

John Choong — Sat, 13 Aug 2022 07:00:00 +0000

Rolls-Royce

Rolls-Royce (LSE: RR) is a British multinational aerospace and defence holdings company. It is one of the world’s largest makers of aircraft engines, and operates in four different segments. These include civil aerospace, power systems, defence, and new markets.

After a disappointing set of H1 results, Rolls-Royce shares saw yet another decline. But this week, a number of director dealings were carried out. Most notably, there was a huge purchase of shares from Chairwoman Anita Frew. The purchase from such a senior director should improve sentiment surrounding the stock.

Name: Anita Frew
Position of director: Chairwoman
Nature of transaction: Purchase of shares
Date of transaction: 5 August 2022
Amount bought: 50,000 @ Â£0.83
Total value: Â£41,300

Name: Lee Hsien Yang
Position of director: Non-Executive Director
Nature of transaction: Share purchase plan
Date of transaction: 8 August 2022
Amount bought: 1,161 @ Â£0.84
Total value: Â£980.23

Name: Wendy Mars
Position of director: Non-Executive Director
Nature of transaction: Share purchase plan
Date of transaction: 8 August 2022
Amount bought: 2,156 @ Â£0.84
Total value: Â£1,820.31

Name: Sarah Armstrong
Position of director: Chief People Officer
Nature of transaction: Share purchase plan
Date of transaction: 9 August 2022
Amount bought: 175 @ Â£0.86
Total value: Â£149.84

Name: Rob Watson
Position of director: President (Rolls-Royce Electrical)
Nature of transaction: Share purchase plan
Date of transaction: 9 August 2022
Amount bought: 175 @ Â£0.86
Total value: Â£149.84

Admiral

Admiral (LSE: ADM) is a British-based insurance company. It specialises in car insurance products, but also has a line of other offerings. These include home insurance, travel insurance, pet insurance, and van insurance.

The FTSE 100 firm released its H1 results earlier this week. Although profits slumped by almost half, the stock still shot up by 15% this week. This was most likely due to the announced special dividend of 15.8p. This would bring its total dividend to 60.0p per share. Investor sentiment was also further boosted when the Chairwoman purchased shares worth over Â£25,000.

Name: Annette Court
Position of director: Chairwoman
Nature of transaction: Share purchase plan
Date of transaction: 11 August 2022
Amount bought: 1,181 @ Â£22.44
Total value: Â£26,501.64

Dunelm

Dunelm (LSE: DNLM) is one of Britain’s biggest home furnishings retailers with an ever-growing market share. It operates over a 170 stores throughout the UK and offers over 50,000 products across a broad range of categories.

The FTSE 250 firm released its Q4 trading update not too long ago, and the interim numbers resonated well with investors. Nevertheless, its bottom line figure is yet to be released, and investors are wondering whether their expectations will be met. Therefore, the recent purchases by its CFO and another director could be an indicator of an earnings beat. The company is expected to report its official FY22 results in less than a month’s time.

Name: Vijay Talwar
Position of director: Non-Executive Director
Nature of transaction: Purchase of shares
Date of transaction: 4 August 2022
Amount bought: 9,670 @ Â£8.50
Total value: Â£82,156.32

Name: Karen Witts
Position of director: Chief Financial Officer
Nature of transaction: Purchase of shares
Date of transaction: 5 August 2022
Amount bought: 1,174 @ Â£8.45
Total value: Â£9,922.18

Types of shares

Types of Shares Within a SIP

In this week’s set of director dealings, a certain number of directors opted to purchase shares via their companies’ share purchase plans. This allows employees to purchase shares through automatic deductions from their pay. And this was the case with a number of Rolls-Royce directors, as well as Admiral’s Chairwoman.

The post Director dealings: Rolls-Royce, Admiral, Dunelm appeared first on The Twelfth Magpie.

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John Choong has positions in Dunelm Group. The Motley Fool UK has recommended Admiral Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Director dealings: Aviva, Royal Mail, Deliveroo

John Choong — Sat, 23 Jul 2022 07:00:58 +0000

Aviva

Aviva (LSE: AV) is a British multinational insurance company. It has millions of customers across its core markets. Aviva is also the UK’s largest general insurer. This week, an influential director purchased shares through the firm’s Global Matching Share Plan.

Name: Jason Storah
Position of director: Chief Executive Director
Nature of transaction: Partnership shares and matching shares
Date of transaction: 15 July 2022
Amount bought: 38.413602 @ Â£3.93
Amount received: 76.827204 @ Â£3.93
Total value: Â£452.70

Royal Mail

Royal Mail (LSE: RMG) is Britain’s biggest postal service and courier company. The group runs the brands Royal Mail and GLS. It released its Q1 trading update this week. Two director dealings also occurred.

Name: Mick Jeavons
Position of director: Chief Financial Officer
Nature of transaction: Free shares (Deferred Share Bonus Plan 2019)
Date of transaction: 18 July 2022
Amount bought: 14,132 @ nil
Total value: Â£N/A

Name: Katherine Amsden
Position of director: PCA of Mark Amsden, Group General Counsel and Company Secretary
Nature of transaction: Purchase of shares
Date of transaction: 21 July 2022
Amount bought: 34,262 @ Â£2.92
Total value: Â£99,977.21

Deliveroo

Deliveroo (LSE: ROO) is a British online food delivery company. It operates in over 200 locations across the UK and internationally. In the UK, it is the second-biggest food delivery platform. In this week’s transaction, a director exercised their option to redeem stock compensation.

Name: Adam Miller
Position of director: Chief Financial Officer
Nature of transaction: Free shares
Date of transaction: 15 July 2022
Amount received: 83,400 @ Â£0.85
Total value: Â£70,973.40

Name: Adam Miller
Position of director: Chief Financial Officer
Nature of transaction: Sales of shares to cover tax liabilities
Date of transaction: 15 July 2022
Amount sold: 40,407 @ Â£0.85
Total value: Â£34,345.95

Types of shares in a SIP

To provide context, there are a few types of shares within a company’s share incentive plan (SIP). A SIP is an employee plan for companies within the UK to flexibly award equity to employees. Publicly listed companies normally exercise this option because itâs tax-efficient for both the employer and its employees.

Types of shares within a SIP (Source: BDO.co.uk)

In this week’s director dealings, Aviva’s CEO opted to purchase partnership shares. Partnership shares give employees the opportunity to buy shares via deductions from their salary, before tax deductions. But where partnership shares are offered, the company can also offer matching shares. This can range up to a maximum ratio of two free matching shares per partnership share purchased, as was the case. That being said, it’s important to note that matching shares must normally be held in a trust for at least three years, and held for five years in order to receive full tax relief. However, these shares may be forfeited if an employee withdraws their partnership shares from the trust.

On the other hand, the Royal Mail CFO received free shares. This occurred under the company’s Deferred Share Bonus Plan from 2019. Having said that, the director is expected to retain their share-based awards until they achieve an equivalent of 200% of their salary.

As for Deliveroo’s CFO, he received free shares. These are a form of restrictive stock units (RSU). RSUs are a form of stock compensation. It is a promise from the company to award a company’s shares in the future. RSUs are most often used in younger companies. This is because cash on its balance sheet is used to grow the business instead.

The post Director dealings: Aviva, Royal Mail, Deliveroo appeared first on The Twelfth Magpie.

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John Choong has no position in any of the shares mentioned. The Motley Fool UK has recommended Deliveroo Holdings Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Director dealings: Rolls-Royce, Lloyds, Vodafone

John Choong — Sat, 16 Jul 2022 07:00:12 +0000

Rolls-Royce

Rolls-Royce (LSE: RR) a British multinational aerospace and defence holdings company. It is one of the world’s largest maker of aircraft engines, and operates in four different segments. These include civil aerospace, power systems, defence, and new markets. This week, four director dealings were carried out, albeit in small volumes.

Name: Lee Hsien Yang
Position of director: Non-Executive Director
Nature of transaction: Purchase of shares (Share purchase plan)
Date of transaction: 7 July 2022
Amount bought: 1,184 @ Â£0.83
Total value: Â£950.59

Name: Wendy Mars
Position of director: Non-Executive Director
Nature of transaction: Purchase of shares (Share purchase plan)
Date of transaction: 7 July 2022
Amount bought: 2,198 @ Â£0.83
Total value: Â£1,820.38

Name: Sarah Armstrong
Position of director: Chief People Officer
Nature of transaction: Purchase of shares (Share purchase plan)
Date of transaction: 7 July 2022
Amount bought: 147 @ Â£1.02
Total value: Â£149.91

Name: Rob Watson
Position of director: President (Rolls-Royce Electrical)
Nature of transaction: Purchase of shares (Share purchase plan)
Date of transaction: 7 July 2022
Amount bought: 147 @ Â£1.02
Total value: Â£149.91

Lloyds

Lloyds (LSE: LLOY) is one of Britainâs biggest financial institutions. Its brands include Lloyds itself, Halifax, and Bank of Scotland. It earns the bulk of its revenue from mortgage loans. A large number of director dealings occurred with Lloyds shares this week.

Name: Joanna Harris
Position of director: Interim Group Director
Nature of transaction: Partnership shares and matching shares
Date of transaction: 11 July 2022
Amount bought: 296 @ Â£0.42
Amount received: 106 @ nil
Total value: Â£124.91

Name: Antonio Lorenzo
Position of director: Chief Executive Officer (Scottish Widows)
Nature of transaction: Partnership shares and matching shares
Date of transaction: 11 July 2022
Amount bought: 355 @ Â£0.42
Amount received: 106 @ nil
Total value: Â£149.81

Name: Janet Pope
Position of director: Chief of Staff and Group Director of Sustainable Business
Nature of transaction: Partnership shares and matching shares
Date of transaction: 11 July 2022
Amount bought: 296 @ Â£0.42
Amount received: 106 @ nil
Total value: Â£124.91

Name: Stephen Shelley
Position of director: Chief Risk Officer
Nature of transaction: Partnership shares and matching shares
Date of transaction: 11 July 2022
Amount bought: 355 @ Â£0.42
Amount received: 106 @ nil
Total value: Â£149.81

Name: Andrew Walton
Position of director: Group Corporate Affairs Director
Nature of transaction: Partnership shares and matching shares
Date of transaction: 11 July 2022
Amount bought: 71 @ Â£0.42
Amount received: 105 @ nil
Total value: Â£29.96

Vodafone

Vodafone (LSE: VOD) is is a British multinational telecommunications company. It predominantly operates services in Asia, Africa, Europe, and Oceania. A significant director exercised their options to purchase Vodafone shares this week.

Name: Nick Read
Position of director: Chief Executive Officer
Nature of transaction: Purchase of shares (Vodafone Sharesave Plan)
Date of transaction: 11 July 2022
Amount bought: 22,352 @ Â£1.01
Total value: Â£22,499.52

Types of shares in a SIP

Types of shares within a SIP (Source: BDO.co.uk)

In this week’s dealings, directors at Rolls-Royce opted to purchase shares under a share purchase plan. This is a form of capital raising by Rolls-Royce which offers shareholders the opportunity to apply for new, additional shares.

As for Lloyds, the director dealings occurred with partnership shares and matching shares. Partnership shares give employees the opportunity to buy shares via deductions from their salary, before tax deductions. But where partnership shares are offered, the company can also offer matching shares, as was the case. This can range up to a maximum ratio of two free matching shares per partnership share purchased. Nonetheless, it’s important to note that matching shares must normally be held in a trust for at least three years, and held for five years in order to receive a full tax relief. However, these shares may be forfeited if an employee withdraws their partnership shares from the trust.

Finally, in the case of Nick Read, the CEO exercised his options to purchase shares under the Vodafone Share Save Plan. These options are exercisable five years from the savings contract start date, provided that the required monthly savings were made.

The post Director dealings: Rolls-Royce, Lloyds, Vodafone appeared first on The Twelfth Magpie.

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John Choong has no position in any of the shares mentioned. The Motley Fool UK has recommended Lloyds Banking Group and Vodafone. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Director dealings: Marks and Spencer, Cranswick, HomeServe

John Choong — Sat, 02 Jul 2022 07:00:17 +0000

Marks and Spencer

Marks and Spencer (LSE: MKS) is a major British multinational retailer that sells clothing and beauty, home, and food products. This week, three director dealings were carried out. A large number of shares were received in lieu of a cash dividend, but a portion was sold to cover tax and national insurance obligations.

Name: Stuart Machin
Position of director: Chief Executive Officer
Nature of transaction: Free shares
Date of transaction: 22 June 2022
Amount received: 203,120 @ nil
Total value: N/A

Name: Stuart Machin
Position of director: Chief Executive Officer
Nature of transaction: Sales of shares to cover tax and national insurance liabilities
Date of transaction: 22 June 2022
Amount sold: 99,121 @ Â£1.37
Total value: Â£135,805.68

Name: Sacha Berendji
Position of director: Property, Store Development, and IT Director
Nature of transaction: Free shares
Date of transaction: 22 June 2022
Amount received: 138,115 @ nil
Total value: N/A

Name: Sacha Berendji
Position of director: Property, Store Development, and IT Director
Nature of transaction: Sales of shares to cover tax and national insurance liabilities
Date of transaction: 22 June 2022
Amount sold: 67,399 @ Â£1.37
Total value: Â£92,343.37

Name: Paul Friston
Position of director: International Director
Nature of transaction: Free shares
Date of transaction: 22 June 2022
Amount received: 131,691 @ nil
Total value: N/A

Name: Paul Friston
Position of director: International Director
Nature of transaction: Sales of shares to cover tax and national insurance liabilities
Date of transaction: 22 June 2022
Amount sold: 62,264 @ Â£1.37
Total value: Â£88,048.11

Cranswick

Cranswick (LSE: CWK) is a leading UK food producer and supplier of fresh and premium food products. It’s most famous for its meat products. Four directors opted to exercise their share options this week. However, they then proceeded to sell portions.

Name: Mark Bottomley
Position of director: Chief Financial Officer
Nature of transaction: Free shares
Date of transaction: 27 June 2022
Amount received: 31,800 @ nil
Total value: N/A

Name: Mark Bottomley
Position of director: Chief Financial Officer
Nature of transaction: Sale of shares
Date of transaction: 27 June 2022
Amount sold: 16,379 @ Â£30.82
Total value: Â£504,768.02

Name: Adam Couch
Position of director: Chief Executive Officer
Nature of transaction: Free shares
Date of transaction: 27 June 2022
Amount received: 48,100 @ nil
Total value: N/A

Name: Adam Couch
Position of director: Chief Executive Officer
Nature of transaction: Sale of shares
Date of transaction: 27 June 2022
Amount sold: 24,775 @ Â£30.82
Total value: Â£763,515.95

Name: Jim Brisby
Position of director: Chief Commercial Officer
Nature of transaction: Free shares
Date of transaction: 27 June 2022
Amount received: 31,800 @ nil
Total value: N/A

Name: Jim Brisby
Position of director: Chief Commercial Officer
Nature of transaction: Sale of shares
Date of transaction: 27 June 2022
Amount sold: 16,379 @ Â£30.82
Total value: Â£504,768.02

Name: Chris Aldersley
Position of director: Chief Operating Officer
Nature of transaction: Free shares
Date of transaction: 27 June 2022
Amount received: 26,300 @ nil
Total value: N/A

Name: Chris Aldersley
Position of director: Chief Operating Officer
Nature of transaction: Sale of shares
Date of transaction: 27 June 2022
Amount sold: 13,546 @ Â£30.82
Total value: Â£417,460.628

HomeServe

HomeServe (LSE: HSV) offers low-cost home warranty and home repair options. It markets itself as the solution to expensive and inconvenient emergency home repairs. Three massive director dealings happened earlier in the week, as shares were awarded to these directors based on performance conditions.

Name: David Bower
Position of director: Director
Nature of transaction: Free shares
Date of transaction: 27 June 2022
Amount received: 21,119 @ nil
Total value: N/A

Name: David Bower
Position of director: Director
Nature of transaction: Free shares
Date of transaction: 27 June 2022
Amount received: 10,190 @ Â£11.69
Total value: Â£119,121.10

Name: Tom Rusin
Position of director: Director
Nature of transaction: Free shares
Date of transaction: 27 June 2022
Amount received: 30,619 @ nil
Total value: N/A

Name: Tom Rusin
Position of director: Director
Nature of transaction: Free shares
Date of transaction: 27 June 2022
Amount received: 11,815 @ Â£11.69
Total value: Â£138,117.35

Name: Richard Harpin
Position of director: Director
Nature of transaction: Free shares
Date of transaction: 27 June 2022
Amount received: 34,911 @ nil
Total value: N/A

Types of shares in a SIP

Types of shares within a SIP (Source: BDO.co.uk)

In this instance, all the director dealings above occurred with free shares. These shares were acquired by directors under their companies’ share plans. These were either a restricted share plan (Marks and Spencer), or incentive plans (Cranswick and HomeServe).

Share award schemes give employees actual shares rather than share options. The value of shares given to directors here is treated as employment income. This means that it may be subject to tax and national insurance contributions. That is unless the directors opt for an HMRC-approved share scheme, which has its own rules and requirements. Incentive plans give directors shares when they hit certain performance targets. For HomeServe directors, the awards were subject to the company’s earnings per share.

The post Director dealings: Marks and Spencer, Cranswick, HomeServe appeared first on The Twelfth Magpie.

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John Choong has no position in any of the shares mentioned. The Motley Fool UK has recommended Tesco. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Director dealings: Lloyds, Taylor Wimpey, Berkeley

John Choong — Fri, 24 Jun 2022 07:00:34 +0000

Lloyds

Lloyds (LSE: LLOY) is one of Britain’s biggest financial institutions. It earns the bulk of its revenue from mortgage loans. This week, a large number of director dealings occurred with Lloyds shares going both ways.

Name: Charlie Nunn
Position of director: Chief Executive Officer
Nature of transaction: Free shares
Date of transaction: 22 June 2022
Amount purchased: 312,313 @ Â£0.43
Total value: Â£135,843.66

Name: William Chalmers
Position of director: Chief Financial Officer
Nature of transaction: Free shares
Date of transaction: 22 June 2022
Amount purchased: 149,910 @ Â£0.43
Total value: Â£65,204.85

Name: Antonio Lorenzo
Position of director: Chief Executive Officer (Scottish Widows)
Nature of transaction: Free shares
Date of transaction: 22 June 2022
Amount purchased: 148,661 @ Â£0.43
Total value: Â£64,661.59

Name: Antonio Lorenzo
Position of director: Chief Executive Officer (Scottish Widows)
Nature of transaction: Disposal of shares
Date of transaction: 22 June 2022
Amount sold: 150,000 @ Â£0.44
Total value: Â£65,457.30

Name: Vim Maru
Position of director: Retail Group Director
Nature of transaction: Free shares
Date of transaction: 22 June 2022
Amount purchased: 148,661 @ Â£0.43
Total value: Â£64,661.59

Name: David Oldfield
Position of director: Commercial Banking Group Director
Nature of transaction: Free shares
Date of transaction: 22 June 2022
Amount purchased: 145,746 @ Â£0.43
Total value: Â£63,393.68

Name: Janet Pope
Position of director: Chief of Staff and Sustainable Business Group Director
Nature of transaction: Free shares
Date of transaction: 22 June 2022
Amount purchased: 104,104 @ Â£0.43
Total value: Â£45,281.08

Name: Stephen Shelley
Position of director: Chief Risk Officer
Nature of transaction: Free shares
Date of transaction: 22 June 2022
Amount purchased: 147,828 @ Â£0.43
Total value: Â£64,299.27

Name: Andrew Walton
Position of director: Group Corporate Affairs Director
Nature of transaction: Free shares
Date of transaction: 22 June 2022
Amount purchased: 104,104 @ Â£0.43
Total value: Â£45,281.08

Taylor Wimpey

Taylor Wimpey (LSE: TW) is one of the UK’s biggest residential developers. Both the Taylor Wimpey CEO and Chairman bought a large sum of Taylor Wimpey shares this week. This course of action hopes to shore up investor sentiment amid slowing house price growth.

Name: Irene Dorner
Position of director: Chairman
Nature of transaction: Purchase of shares
Date of transaction: 22 June 2022
Amount purchased: 21,750 @ Â£1.15
Total value: Â£25,016.20

Name: Jennie Daly
Position of director: Chief Executive Officer
Nature of transaction: Purchase of shares
Date of transaction: 22 June 2022
Amount purchased: 21,509 @ Â£1.15
Total value: Â£24,812.57

Berkeley

Berkeley (LSE: BKG) Â is another one of Britain’s biggest housebuilders. The FTSE 100 firm reported a decent set of results this week. However, this wasn’t enough, as the Berkeley share price slid downwards. Nonetheless, a large set of director dealings and institutional buying amounted to millions of pounds in Berkeley shares. This should boost investor sentiment in the long-term, despite slowing house price growth.

Name: William and Jane Jackson
Position of director: Non-Executive Director and Person Closely Associated to Non-Executive Director
Nature of transaction: Purchase of shares
Date of transaction: 22 June 2022
Amount purchased: 16,148 @ Â£36.57
Total value: Â£590,566.42

Name: Robert Perrins and Vanessa Perrins as Trustees of the Robert Perrins Discretionary Settlement
Position of director: Person(s) Closely Associated to Rob Perrins (Berkeley Chief Executive Officer)
Nature of transaction: Purchase of shares
Date of transaction: 22 June 2022
Amount purchased: 50,000 @ Â£36.57
Total value: Â£1,847,644.75

Name: Michael Dobson
Position of director: Non-Executive Director
Nature of transaction: Purchase of shares
Date of transaction: 22 June 2022
Amount purchased: 4,000 @ Â£36.17
Total value: Â£144,686.56

Name: Julia Barker
Position of director: Person Closely Associated with Glyn Barker (Berkeley Chairman)
Nature of transaction: Purchase of shares
Date of transaction: 22 June 2022
Amount purchased: 1,950 @ Â£37.27
Total value: Â£72,669.37

Types of shares in a SIP

Types of shares within a SIP (Source: BDO.co.uk)

In this instance, most of the director dealings at Lloyds occurred with free shares. These shares were acquired by directors under the Lloyds fixed share award scheme. Share award schemes give employees actual shares rather than share options. The value of shares given to directors here are treated as employment income. This means that they may be subject to tax and national insurance contributions. That is unless they opt for anÂ HMRC-approved share scheme, which has its own rules and requirements.

The post Director dealings: Lloyds, Taylor Wimpey, Berkeley appeared first on The Twelfth Magpie.

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John Choong has no position in any of the shares mentioned at the time of writing. The Motley Fool UK has recommended Lloyds Banking Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Director dealings: Burberry, Greggs, Deliveroo

John Choong — Sat, 18 Jun 2022 07:00:26 +0000

Burberry

Burberry (LSE: BRBY) is a British luxury fashion house. The brand designs and distributes ready-to-wear items. These include leather goods, footwear, and fashion accessories. This week, a director sold thousands of Burberry shares, but they were also awarded from a huge chunk of free shares as part of their compensation.

Name: Jonathan Akeroyd
Position of director: Chief Executive Officer
Nature of transaction: Free shares
Date of transaction: 15 June 2022
Amount purchased: 71,106 @ nil
Total value: Â£N/A

Name: Jonathan Akeroyd
Position of director: Chief Executive Officer
Nature of transaction: Sale to cover tax liabilities
Date of transaction: 15 June 2022
Amount sold: 34,395 @ Â£16.18
Total value: Â£556,399.73

Greggs

Greggs (LSE: GRG) is a British bakery chain. It specialises in savoury products. Among these are bakes, sandwiches, sweet items, and its famous sausage rolls. This week, a non-executive director purchased a thousand Greggs shares.

Name: Lynne Weedall
Position of director: Non Executive Director
Nature of transaction: Purchase of Shares
Date of transaction: 16 June 2022
Amount purchased: 1,000 @ Â£19.01
Total value: Â£19,007.20

Deliveroo

Deliveroo (LSE: ROO) is a British online food delivery company. It operates in over 200 locations across the UK and internationally. In the UK, it is the second biggest food delivery platform behind Just Eat. A huge director dealing occurred over at Deliveroo this week. Tens of thousands of Deliveroo shares were traded.

Name: Adam Miller
Position of director: Chief Financial Officer
Nature of transaction: Free shares
Date of transaction: 15 June 2022
Amount purchased: 83,200 @ Â£0.81
Total value: Â£67,392.00

Name: Adam Miller
Position of director: Chief Financial Officer
Nature of transaction: Sale to cover tax liabilities
Date of transaction: 15 June 2022
Amount sold: 40,314 @ Â£0.81
Total value: Â£32,654.34

Types of shares in a SIP

Types of shares within a SIP (Source: BDO.co.uk)

In this instance, the director dealings at Burberry and Deliveroo were free shares. These are a form of restrictive stock units (RSU). RSUs are a form of stock compensation. It is a promise from the company to award a company’s shares in the future.

For Burberry’s CEO, these shares are yet to be cashed in. As such, they hold nil value. But for Deliveroo’s CFO, shares were awarded at the stock’s market price at that time. This means that he decided to cash in his awarded shares.

The post Director dealings: Burberry, Greggs, Deliveroo appeared first on The Twelfth Magpie.

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John Choong has no position in any of the shares mentioned at the time of writing. The Motley Fool UK has recommended Burberry, Deliveroo Holdings Plc, and Just Eat Takeaway.com N.V. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Director dealings: Dunelm, Investec, Bodycote

John Choong — Fri, 10 Jun 2022 15:18:00 +0000

Dunelm

Dunelm (LSE: DNLM) is a British home furnishings retailer that operates throughout the UK. It is one of the largest homewares retailers in the country with an ever growing market share. New director Karen Witts was appointed CFO this week and a number of Dunelm shares were awarded to her.

Name: Karen Witts
Position of director: Chief Financial Officer
Nature of transaction: Free shares
Date of transaction: 9 June 2022
Amount purchased: 73,979 @ nil
Total value: Â£N/A

Investec

Investec (LSE: INVP) is an international banking and wealth management group. It provides a range of financial products and services to a clients in Europe, Southern Africa and Asia Pacific. This week, a number of director dealings were carried out in both directions.

Name: Ciaran Whelan
Position of director: Director
Nature of transaction: Sale to cover tax liabilities
Date of transaction: 8 June 2022
Amount sold: 24,037 @ Â£4.77
Total value: Â£114,674.28

Name: Ciaran Whelan
Position of director: Director
Nature of transaction: Partnership shares
Date of transaction: 8 June 2022
Amount purchased: 21,531 @ Â£4.77
Total value: Â£102,702.87

Name: Stephen Koseff
Position of director: Director
Nature of transaction: Sale to cover tax liabilities
Date of transaction: 6 June 2022
Amount sold: 31,514 @ Â£4.82
Total value: Â£151,938.67

Name: Ruth Leas
Position of director: PDMR
Nature of transaction: Sale to cover tax liabilities
Date of transaction: 8 June 2022
Amount sold: 10,179 @ Â£4.75
Total value: Â£48,374.68

Name: Ruth Leas
Position of director: PDMR
Nature of transaction: Partnership shares
Date of transaction: 8 June 2022
Amount purchased: 10,330 @ Â£4.75
Total value: Â£49,092.29

Name: Fani Titi
Position of director: Director
Nature of transaction: Sale to cover tax liabilities
Date of transaction: 6 June 2022
Amount sold: 75,150 @ Â£4.84
Total value: Â£363,996.54

Name: Nishlan Samujh
Position of director: Director
Nature of transaction: Sale to cover tax liabilities
Date of transaction: 6 June 2022
Amount sold: 37,885 @ Â£4.84
Total value: Â£183,499.79

Bodycote

Bodycote (LSE: BOY) is the world’s largest provider of heat treatment and thermal processing services. The service acts as a vital link in the manufacturing supply. A non-executive director purchased a decent number of Bodycote shares this week.

Name: Nicola Susan Boyd
Position of director: Director
Nature of transaction: Purchase of shares
Date of transaction: 8 June 2022
Amount sold: 3,000 @ Â£6.54
Total value: Â£19,620.00

Types of shares in a SIP

Types of shares within a SIP (Source: BDO.co.uk)

In this instance, the director dealings at Investec bought partnership shares. Employees can use a SIP to buy shares on a monthly basis or at the end of an âaccumulation periodâ. If there is an accumulation period in effect, employees can buy shares at the market value at the beginning or end of the period.

The post Director dealings: Dunelm, Investec, Bodycote appeared first on The Twelfth Magpie.

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John Choong has no position in any of the shares mentioned at the time of writing. The Motley Fool UK has recommended Bodycote. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Director dealings: Superdry, Foxtons, Big Technologies

John Choong — Fri, 03 Jun 2022 06:48:00 +0000

Superdry

Superdry (LSE: SDRY) is a clothing company. It designs, produces, and sells clothing items and accessories. This is done primarily under the Superdry brand. With the Superdry share price down by 35% this year, a huge director transaction was executed. The purchase of a large sum of shares could boost investor sentiment.

Name: Julian Dunkerton
Position of director: Chief Executive Officer
Nature of transaction: Acquisition of shares
Date of transaction: 27 May 2022
Amount purchased: 1,805,172 @ Â£1.42
Total value: Â£1,144,954.58

Foxtons

Second on the list of director dealings is Foxtons (LSE: FOXT). The firm is a British-based estate agency. Foxtons serves as a go-between to buy, sell, and let properties. The Foxtons share price has had a slight hiccup this year, down 5%. A high-ranking director took the opportunity to purchase a substantial amount of shares.

Name: Nigel Rich
Position of director: Chairman
Nature of transaction: Acquisition of shares
Date of transaction: 30 May 2022
Amount purchased: 140,000 @ Â£0.39
Total value: Â£54,180

Big Technologies

Last on the list of director dealings is Big Technologies (LSE: BIG). Big Technologies provides products and services to the remote and personal monitoring industry. It does so under the Buddi brand name in the United Kingdom, Australia, the US, and Colombia. Its share price is firmly in the red at -15% this year. However, this didn’t stop a top director from transferring a number of leftover shares to his self-invested personal pension (SIPP) account after buying and selling.

Name: Daren Morris
Position of director: Chief Financial Officer
Nature of transaction: Acquisition of shares
Date of transaction: 27 May 2022
Amount purchased: 10,000 @ Â£2.91
Total value: Â£29,100

Name: Daren Morris
Position of director: Chief Financial Officer
Nature of transaction: Disposal of shares
Date of transaction: 27 May 2022
Amount sold: 10,000 @ Â£2.83
Total value: Â£28,300

Name: Daren Morris
Position of director: Chief Financial Officer
Nature of transaction: Acquisition of shares
Date of transaction: 30 May 2022
Amount purchased: 15,000 @ Â£2.82
Total value: Â£42,300

Name: Daren Morris
Position of director: Chief Financial Officer
Nature of transaction: Disposal of shares
Date of transaction: 30 May 2022
Amount sold: 15,000 @ Â£2.81
Total value: Â£42,150

Types of shares in a SIP

Types of shares within a SIP (Source: BDO.co.uk)

In this instance, partnership shares were bought and sold from the deals listed. Employees are usually allowed to buy shares on a monthly basis through a SIP. But they can also buy shares at the end of an âaccumulation periodâ. If there is one in effect, employees can buy shares at the market value either at the beginning or end of the period.

The post Director dealings: Superdry, Foxtons, Big Technologies appeared first on The Twelfth Magpie.

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John Choong has no position in any of the shares mentioned at the time of writing. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Director dealings: Lloyds, IAG, SSE

John Choong — Fri, 27 May 2022 15:11:00 +0000

Director dealings are essentially insider transactions for shares between directors and the companies they work for. These dealings are always made public, and are often considered a good indicator of a company’s future prospects. However, they don’t get nearly as much attention as company news due to their complex nature. Nonetheless, here I’m breaking down this week’s director dealings for three of the FTSE 100‘s top firms.

Lloyds

As Lloyds (LSE: LLOY) continues its share buyback programme, the British bank has seen its stock price increase by 3% this week. A hawkish Bank of England has been stoking uncertainty surrounding Lloyds’ future. This arguably led to a number of director dealings happening this week.

Most notably, Lloyds’ CFO William Chalmers and Chief of Staff Janet Pope purchased a large number of shares. However, Group Corporate Affairs Director Andrew Walton and Scottish Widows Chief Executive Antonio Lorenzo also sold a substantial number of shares.

Name: William Chalmers (Chief Financial Officer)
Nature of transaction: DRIP shares
Date of transaction: 20 May 2022
Amount purchased: 168,865 @ Â£0.44
Total value: Â£74,409.46

Name: Antonio Lorenzo (Chief Executive, Scottish Widows and Group Director, Insurance and Wealth)
Nature of transaction: DRIP shares
Date of transaction: 19 May 2022
Amount purchased: 884 @ Â£0.43
Total value: Â£383.86

Name: Antonio Lorenzo (Chief Executive, Scottish Widows and Group Director, Insurance and Wealth)
Nature of transaction: Disposal of shares
Date of transaction: 20 May 2022
Amount sold: 250,000 @ Â£0.44
Total value: Â£110,062.50

Name: Vim Maru (Group Director, Retail)
Nature of transaction: DRIP shares
Date of transaction: 19 May 2022
Amount purchased: 31 @ Â£0.43
Total value: Â£13.46

Name: Janet Pope (Chief of Staff and Group Director, Sustainable Business)
Nature of transaction: DRIP shares
Date of transaction: 19 May 2022 and 20 May 2022
Amount purchased: 85,633 @ Â£0.44
Total value: Â£37,735.00

Name: Stephen Shelley (Chief Risk Officer)
Nature of transaction: DRIP shares
Date of transaction: 19 May 2022
Amount purchased: 1,563 @ Â£0.43
Total value: Â£678.70

Name: Andrew Walton (Group Corporate Affairs Director)
Nature of transaction: Disposal of shares
Date of transaction: 19 May 2022
Amount sold: 184,216 @ Â£0.43
Total value: Â£79,986.68

IAG

The IAG (LSE: IAG) share price is up about 4% this week as the group announced a share buyback programme on Tuesday. Apart from that, a number of big director dealings occurred at IAG. Chairman and Iberia CEO Javier Sanchez-Prieto and CFO Nicholas Cadbury made the headlines. The latter had already received 1,473,207 shares as a part of IAG’s executive share plan, which will be vested in three tranches annually. Despite that, Cadbury still purchased more shares.

Name: Javier Sanchez-Prieto (Chairman and CEO Iberia)
Nature of transaction: Transfer of shares from one nominee account to another nominee account with no change of beneficial ownership
Date of transaction: 23 May 2022
Amount transferred: 181,014 @ Nil
Total value: N/A

Name: Nicholas Cadbury (Chief Financial Officer)
Nature of transaction: Acquisition of shares
Date of transaction: 24 May 2022
Amount transferred: 254,979 @ Â£1.23
Total value: Â£312,604.25

SSE

SSE (LSE: SSE) reported a decent set of numbers in its FY22 earnings this week. The firm generated profits of Â£1.5bn last year, and expects to make even more this year from high energy prices. But a windfall tax from the British government soured investor sentiment, sending the SSE share price down by almost 10%. Still, outgoing non-executive director Dame Angela Strank acquired a respectable number of shares.

Name: Dame Angela Strank (Non-Executive Director)
Nature of transaction: Acquisition of shares
Date of transaction: 25 May 2022
Amount transferred: 483 @ Â£18.49
Total value: Â£8,929.14

Types of shares in a SIP

Types of shares within a SIP (Source: BDO.co.uk)

In this article’s instance, Lloyds’ director dealings used the dividends they received on SIP shares to reinvest into further Lloyds shares. It should be noted, though, that dividend shares must normally be held in the trust for at least three years to get full tax relief. On the other hand, IAG’s CFO received free shares as part of his compensation package.

The post Director dealings: Lloyds, IAG, SSE appeared first on The Twelfth Magpie.

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