Incoming Experian CEO sells nearly half of vested shares

28th Jan 2014 16:01

Brian Cassin, who was this month unveiled as the incoming Chief Executive Officer (CEO) of Experian, has disposed of a number of shares after they vested under the company's Recruitment & Retention Plan. Of the 26,799 shares that vested, Cassin, who is currently Group Chief Financial Officer, traded in 12,621 to cover tax liabilities and retained the other 14,178. Having sold the shares at 1,060p a piece, he pocketed a total of £133,783. Cassin was appointed to the role at the credit and marketing services provider after the current CEO was unveiled as the replacement of Chairman Sir John Peace, who is stepping down in mid-July. The group said Cassin's appointment followed "an extensive assessment process" which concluded that he was "the outstanding candidate" for the role. "In making this decision the board took into consideration his exemplary performance as CFO over the past two years, during which the board considers he has evidenced a broad range of operational competencies including clear leadership and strong decisive management skills, coupled with deep commercial acumen and a firm grasp of strategy," a statement by the company read. Top Director BuysGeneral Electric Co (GEC) Director name: Mr Jeffrey ImmeltAmount purchased: 40,000 @ € 18.31 Value: €732,532HydroDec Group (HYR) Director name: Lord Colin MoynihanAmount purchased: 200,000 @ 10.70p Value: £21,400Top Director SellsInvestec (INVP) Director name: Mr Peter ThomasAmount sold: 185,810 @ 395.30p Value: £734,507Experian (EXPN) Director name: Mr Brian Cassin Amount sold: 12,621 @ 1,060.00p Value: £133,783NR