Remove ads

Introducing the LemonFools Personal Finance Calculators

LLOY DIRECTORS SELLING QUESTION

beeswax
Lemon Quarter
Posts: 1953
Joined: December 20th, 2016, 11:20 pm
Has thanked: 2 times
Been thanked: 172 times

LLOY DIRECTORS SELLING QUESTION

#42254

Postby beeswax » March 30th, 2017, 1:17 am

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.

Breelander
Lemon Quarter
Posts: 2524
Joined: November 4th, 2016, 9:42 pm
Has thanked: 388 times
Been thanked: 738 times

Re: LLOY DIRECTORS SELLING QUESTION

#42257

Postby Breelander » March 30th, 2017, 3:52 am

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:
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
http://www.investegate.co.uk/lloyds-ban ... 10107858Y/

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.

doug2500
Lemon Slice
Posts: 253
Joined: November 4th, 2016, 11:51 am
Has thanked: 40 times
Been thanked: 75 times

Re: LLOY DIRECTORS SELLING QUESTION

#42503

Postby doug2500 » March 30th, 2017, 9:19 pm

Breelander wrote:Every director of every company makes these sales when such awards are made...........

............thereby further aligning their interests with shareholders.

Fixed that!


Return to “Banking Sector”

Who is online

Users browsing this forum: PrefInvestor, SeagoonN and 5 guests