RHI Magnesita CEO Exercises Share Options and Sells Shares for Tax Liabilities

Story Highlights
  • RHI Magnesita’s CEO exercised share options under the Long Term Incentive Plan.
  • Shares were sold on the London Stock Exchange to cover tax liabilities from the exercised options.
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RHI Magnesita CEO Exercises Share Options and Sells Shares for Tax Liabilities

An update from RHI Magnesita NV ( (GB:RHIM) ) is now available.

RHI Magnesita N.V. announced that its CEO, Stefan Borgas, exercised share options over 58,755 ordinary shares as part of the company’s Long Term Incentive Plan. The shares, acquired in March 2022, are to be retained until March 2027, except for those sold to cover tax liabilities. Recent transactions involved the sale of shares on the London Stock Exchange to fund these tax obligations, with sales occurring on April 1 and April 2, 2025. This disclosure aligns with EU Market Abuse Regulation requirements, reflecting the company’s commitment to transparency in its financial dealings.

More about RHI Magnesita NV

RHI Magnesita N.V. operates in the industrial manufacturing sector, specializing in the production of refractory products used in high-temperature industrial processes. The company focuses on providing solutions for industries such as steel, cement, and glass, where heat-resistant materials are essential.

YTD Price Performance: -7.98%

Average Trading Volume: 19,973

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.43B

See more data about RHIM stock on TipRanks’ Stock Analysis page.

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