http://www.hl.co.uk/shares/shares-searc ... ctor-deals
Sorry if this is the wrong board but at one time Directors buying or selling their own shares used to be used as an indicator for outsiders to make a decision and so two questions.
What does the 'tax related' indicator mean for those Directors selling? To avoid capital gains tax?
Does anyone think it makes LLOY a sell based on this selling spree and also the later ordinary selling one?
Thanks.
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LLOY DIRECTORS SELLING QUESTION
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- Lemon Quarter
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Re: LLOY DIRECTORS SELLING QUESTION
beeswax wrote:What does the 'tax related' indicator mean for those Directors selling? To avoid capital gains tax?
No. This is normal practice for any director receiving shares in a long term incentive plan, as these directors have just done. A portion of the shares are sold to pay the tax that is due on these awards. The details were in the RNS issued at the time.
For António Horta-Osório 6,736,463 shares were awarded for bonus plans and 2,716,605 in a long-term incentive plan. The sale was:
http://www.investegate.co.uk/lloyds-ban ... 10107858Y/Disposal of Shares on behalf of PDMR to meet income tax and NICs due on the release of 2014 Long-Term Incentive Award
1,276,805
beeswax wrote:Does anyone think it makes LLOY a sell based on this selling spree and also the later ordinary selling one?
It is not a spending spree. Every director of every company makes these sales when such awards are made.
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- Lemon Slice
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Re: LLOY DIRECTORS SELLING QUESTION
Breelander wrote:Every director of every company makes these sales when such awards are made...........
............thereby further aligning their interests with shareholders.
Fixed that!
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