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Experian trio sells shares

As the global information services provider’s upward share price momentum continues, three directors have opted to bank some of those gains
June 20, 2019

With double-digit organic revenue growth across North America, Europe and the Middle East, and Asia Pacific, Experian’s (EXPN) statutory operating profit increased by 11 per cent in FY2019 to $1.16bn (£923m). Given this performance and the sustained share price momentum, we’re not overly concerned about the recent director share sales.

IC TIP: Buy at 2,443p

More recently, chief executive Brian Cassin, chief financial officer Lloyd Pitchford and chief operating officer Kerry Williams acquired an aggregate 1,068,321 shares following the vesting of awards. Aside from divestments to cover tax requirements, the trio also opted to sell some shares “for their own financial planning”.

To the latter point, Mr Cassin retained 109,061 of the acquired shares, and offloaded 154,457 shares totalling £3.71m. Similarly, Mr. Pitchford kept 43,481 of the acquired shares, selling 119,087 shares worth £2.86m. Mr Williams sold all 190,631 acquired shares for £4.57m.

Senior Experian executives are required to hold two or three times their salary in shares, said a spokesperson for the group – “these guideline thresholds are significantly exceeded”.