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Shell's departing CFO sells down

Until he leaves Shell's board, Simon Henry is required to hold on to at least four times his base salary in shares
February 23, 2017

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.

IC TIP: Buy at 2193p

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.

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Ascent Resources* Colin Hutchinson (ceo)13 Feb 17270,2701.855,000270,2700.018
Associated British Foods♥ Charles Sinclair (ch)9 Feb 172,000247949,58018,0000.002
Associated British Foods Ruth Cairnie9 Feb 17602249315,0082,1240.000
Associated British Foods♥ Ruth Cairnie9 Feb 17876248921,8043,0000.000
Avon Rubber♥ Paul Rayner15 Feb 171509941,4916,8500.022
Avon Rubber♥ Paul Rayner15 Feb 171509941,4917,0000.023
Avon Rubber♥ Paul Rayner15 Feb 171509941,4917,1500.023
Avon Rubber♥ Paul Rayner15 Feb 173509943,4796,7000.022
Avon Rubber♥ Paul Rayner15 Feb 171,70099416,8986,3500.020
Balfour Beatty Stuart Doughty 10 Feb 174,550271.212,3404,5500.001
Benchmark Holdings Kevin Quinn15 Feb 1725,00094.0423,51025,0000.005
Blenheim Natural Resources♥ Chris Ells (ch)10 Feb 171,500,0000.77711,65511,410,0002.863
British Empire Trust Nigel Rich 15 Feb 173,000665.7519,97318,0000.015
Conviviality Martin Newman9 Feb 175,475271.5614,86834,1640.020
Diageo J Ferrán (ch)10 Feb 1736922458,28431,8690.001
Dunelm  Andy Harrison (ch)9 Feb 1731,527624.705196,951139,6600.069
Dunelm  William Reeve10 Feb 172,00062612,5207,0000.003
Dunelm  Marion Sears10 Feb 173,687650.3723,979105,0000.052
Electrocomponents Karen Guerra14 Feb 175,22647925,03321,2510.005
Frontier Developments Charles Cotton10 Feb 1720,48228558,37439,3390.115
Georgian Mining CorpGregory Kuenzel (ceo)15 Feb 17100,0009.8759,875347,4670.432
Georgian Mining CorpRoderick McIllree15 Feb 17320,0009.0628,9921,543,7641.920
Georgian Mining CorpRoderick McIllree15 Feb 17500,0009.82549,1251,223,7641.522
Grainger Mark Clare (ch)10 Feb 17100,000247.6928247,693100,0000.024
Hargreave Hale AIM VCT 1* Oliver Bedford14 Feb 173,18280.122,5493,1820.004
Hargreave Hale AIM VCT 2* Oliver Bedford14 Feb 172,245113.582,5502,2450.006
Henderson  Andrew Formica (ceo)9 Feb 17600,000210.931,265,5809,870,4950.872
Henderson  Richard Gillingwater (ch)9 Feb 1721,114211.244,59336,1140.003
Kromek*  Graeme Speirs13 Feb 177,500,000201,500,00023,768,4159.176
Kromek*  Derek Bulmer (cfo)13 Feb 1723,934204,78763,9340.025
Kromek*  Derek Bulmer (cfo)13 Feb 1760,0002012,000100,0000.065
Kromek* Lawrence Kinet13 Feb 1750,0002010,000200,0000.077
Kromek*  Sir Peter Williams (ch)13 Feb 1714,814202,96344,8140.017
Kromek Sir Peter Williams (ch)13 Feb 1735,18622.197,80880,0000.031
Kromek*  Sir Peter Williams (ch)13 Feb 1750,0002010,00030,0000.019
Pacific Assets Trust Robert Talbut13 Feb 174,882238.2511,6319,6110.008
Pets at Home  Dennis Millard10 Feb 175,673188.610,69930,0000.006
Phoenix  HoldingsWendy Mayall14 Feb 1710,000761.0376,10310,0000.003
Ramsdens Holdings Simon Herrick15 Feb 1719,95010019,95019,9500.065
Sirius Real Estate Andrew Coombs (ceo)9 Feb 1712,200597,1984,411,0530.518
Standard Life Equity Income Trust Richard Burns (ch)14 Feb 1725,000409.5102,375246,0000.500
Stewart & Wight Robert Foux13 Feb 171,0004754,7504,6300.295
Strategic Equity Capital William Barlow10 Feb 1710,000200.82820,08310,0000.014
Tate & Lyle♥ Gerry Murphy10 Feb 1710,000716.8671,68610,0000.002
Touchstar Ian Martin (ch)14 Feb 1710,000888,800320,2505.076
Upland Resources♥ Bolhassan Di14 Feb 172,500,0001.2531,2509,346,1602.439
VPC Specialty Lending Investments♥ Richard Levy10 Feb 1777,5757860,5091,274,6250.336

*Placing/tender/open offer ♥Spouse/connected party

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Cropper (James)♥ Phil Wild (ceo)9 Feb 177901402.511,0805,0520.053
Cropper (James) Phil Wild (ceo)9 Feb 171,3001402.518,2335,8420.062
Mattioli Woods Murray Smith9 Feb 1720,000771154,20088,1360.345
Paragon Group of Companies (The) Alan Fletcher15 Feb 1719,993441.326588,234100,0000.036
Renew Holdings♥ John Samuel (fd)9 Feb 173,000447.560413,427262,5480.419
Royal Dutch Shell Simon Henry (cfo)15 Feb 1750,00022851,142,500312,5290.008
SThree Steve Quinn13 Feb 1750,000324162,000321,6910.248

*Placing/tender/open offer ♥Spouse/connected party