LATEST: Rightmove boss cashes in share options worth £2.1 million
But Nil-cost share options scheme still leaves the Rightmove CEO with stock holdings worth £14.5 million at today's share price.
Rightmove boss Peter Brooks-Johnson has sold shares worth just over £2.14 million as part of his ongoing stock options benefits scheme, the company has informed investors.
This follows a similar share options execution last year when he received £1.1 million.
This time around the 49-year-old CEO has sold four tranches of Rightmove stock totalling 306,671 shares sold at £6.97p a share via an ‘exercise of nil cost options’. Brooks-Johnson could have made considerably more money if he’d sold his stock a month ago when the Rightmove share price was £7.35p.
But the transactions took place on Wednesday, and have only been notified to the City this morning. The sell-off means Brooks-Johnson still holds some two million shares in the company or 0.234% of Rightmove’s total share capital.
He joined Rightmove in 2006 and became its Head of Agency in 2008, MD in 2011 and COO in 2013 before being elevated to CEO in 2017, replacing outgoing CEO Nick McKittrick, who retired that year and was one of the portal’s founding senior team.
He holds several non-exec positions away from Rightmove including at digital brands strategy group Adevinta and smartphone classifieds app Shpock.