After more than 30 years at Royal Dutch Shell (RDSB), the last seven of which were spent as the oil major's chief financial officer, Simon Henry is stepping down. A fortnight after approving 2016's full-year results, and ahead of his departure from the board next month, Mr Henry sold £1.14m-worth of his own shares on 15 February. This follows another 50,000 share sale made shortly before Shell informed the market of his resignation in December.
The most recent disposal comes shortly after the end of a close period during which directors are not allowed to trade Shell stock, and follows a 50 per cent rise in the value of sterling-denominated 'B' shares in the past year. If Mr Henry plans to sell any more stock before he is replaced by Jessica Uhl, he will need to be compliant with a director requirement to hold at least four times his annual base salary in shares.