Vertu Motors Executive Cashes Out Incentive Shares

Vertu Motors (GB:VTU) has released an update.

Vertu Motors PLC has disclosed that Mark Gibbings, a senior manager, exercised options for 59,148 shares at nil cost and sold all of them on the same day. The shares were part of the company’s Long Term Incentive Plan, and the sale occurred on the London Stock Exchange at a price of 71.5540 pence per share. This transaction did not significantly change Gibbings’ holding percentage in the company, which remains at 0.01%.

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