GrainCorp CEO Adjusts Shareholding to Meet Tax Obligations

The latest announcement is out from Graincorp Limited Class A ( (AU:GNC) ).

GrainCorp Limited announced a change in the director’s interest, with Managing Director and CEO Robert Spurway selling 105,872 shares to meet tax obligations related to performance rights vesting. Despite this sale, Spurway maintains a significant holding of 519,262 shares. This transaction reflects routine financial management by the company’s leadership, ensuring compliance with tax obligations while maintaining substantial investment in the company.

The most recent analyst rating on (AU:GNC) stock is a Buy with a A$9.80 price target. To see the full list of analyst forecasts on Graincorp Limited Class A stock, see the AU:GNC Stock Forecast page.

More about Graincorp Limited Class A

GrainCorp is an integrated grain and edible oils business, recognized as the largest grain storage and handling company in Eastern Australia and the leading edible oil processor and oilseed crusher in Australia and New Zealand. With over a century of history, GrainCorp has established a global supply chain supported by high-quality infrastructure assets for storing, processing, and transporting grains and edible oils.

Average Trading Volume: 832,929

Technical Sentiment Signal: Buy

Current Market Cap: A$1.66B

For detailed information about GNC stock, go to TipRanks’ Stock Analysis page.