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Santos CEO Kevin Gallagher Rebalances Shareholding with Large On-Market Sale

Story Highlights
  • Santos CEO Kevin Gallagher sold 830,132 shares mainly to meet personal tax obligations.
  • Gallagher transferred additional shares to a family vehicle but retains a substantial indirect stake.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Santos CEO Kevin Gallagher Rebalances Shareholding with Large On-Market Sale

Meet Samuel – Your Personal Investing Prophet

Santos Limited ( (AU:STO) ) has shared an announcement.

Santos Limited has disclosed a change in the holdings of managing director and CEO Kevin Gallagher, who executed an on-market sale of 830,132 fully paid ordinary shares on 27 February 2026 at an average price of A$6.754433 per share. The company said the sale was primarily to fund pending personal tax obligations upon the opening of a trading window, with remaining proceeds linked to a reorganisation of Gallagher’s personal financial affairs, while he also completed an off-market transfer of 534,231 shares to a family holding vehicle, leaving him with a substantial indirect stake via K & S Gallagher Holdings and existing share acquisition rights and deferred share awards.

The most recent analyst rating on (AU:STO) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on Santos Limited stock, see the AU:STO Stock Forecast page.

More about Santos Limited

Santos Limited is an Australian oil and gas company focused on the exploration, production and sale of natural gas, LNG, and related hydrocarbons. The company supplies domestic gas markets and exports LNG to regional buyers, positioning itself as a key energy provider in Australia and the broader Asia-Pacific region.

Average Trading Volume: 10,995,075

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$23.59B

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

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