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Barclays insiders buy (and sell) the dip

The collapse in the lender’s share price has been accompanied by executive purchases – and sales – of stock
March 18, 2020

Since Barclays (BARC) published its full-year numbers just over a month ago, the bank’s shares have more than halved, outpacing even the sharp contraction in the FTSE 100. During that time, there have been several notable transactions involving senior figures at the lender.

IC TIP: Hold at 84p

The largest single transaction took place on 9 March, when Barclays Bank president Paul Compton sold 397,929 shares in two tranches, for a nominal value of £484,000. Earlier in the day, Mr Compton had been awarded almost half a million shares, net of stock sold to cover income tax and social security costs.

This included 71,236 shares as part of his variable performance-related pay for 2019, 97,949 shares in fixed pay for the first quarter of 2020, and 292,293 shares awarded in previous years’ share schemes. Mr Compton was also granted 1,940,602 in deferred stock, which will be awarded pending continued employment and based on performance over the next three years.

Two days later, chairman Nigel Higgins acquired 250,000 shares at £1.18 a pop. This followed his open-market purchases of the same number of shares a week earlier, when Barclays stock was trading 20p higher.

On 12 March, with the stock at £1.06, a person closely associated with non-executive director Mike Ashley purchased 47,128 shares, again on the open market. Four days later, with the stock cratering to 86.1p, a person closely associated with fellow non-executive Tim Breedon coughed up for 55,000 shares.

Buys      
CompanyDirector/PDMRDateNo. of sharesPrice (p)Aggregate value (£)Comments
VesuviusJohn McDonough (cha)10 Mar 2020,00039,75179,502 
International Consolidated Airlines GroupJavier Sanchez-Prieto11 Mar 2070,000408.92286,243

Original price €4.606

CoatsMichael Clasper11 Mar 20200,00060.42120,849 
Reckitt BenckiserAditya Sehgal11 Mar 2010,0005,579.94557,994 
BarclaysNigel Higgins (ch)11 Mar 20250,000118294,203 
G4SAshley Almanza (ceo)11 Mar 20100,000105105,251 
G4STim Weller (cfo)11 Mar 2085,00010690,100 
G4SJohn Connolly (ch)12 Mar 20275,00095261,459 
Spirax-Sarco EngineeringClare Pike (pca)12 Mar 201,3007,69099,970

Spouse of Jamie Pike, chairman

Spirax-Sarco EngineeringKevin Thompson12 Mar 201,3007,675.3999,780.00 
Domino's PizzaBrowning West10 Mar 202,152292.36,290.30

PCA of Usman Nabi, non-executive director

Domino's PizzaBrowning West10 Mar 203,496306.810,725.73 
Domino's PizzaBrowning West10 Mar 208,259305.4325,225.46 
Domino's PizzaBrowning West10 Mar 2023,859304.0372,538.52 
Domino's PizzaBrowning West10 Mar 2082,026305.48250,572.02 
Domino's PizzaBrowning West10 Mar 20199,049303.53606,173.43 
Domino's PizzaBrowning West10 Mar 20252,214304.18767,184.55 
Domino's PizzaBrowning West10 Mar 20258,227304.73786,895.14 
Domino's PizzaBrowning West10 Mar 20273,127304.12830,633.83 
Domino's PizzaBrowning West10 Mar 20361,165303.071,094,582.77 
Domino's PizzaBrowning West10 Mar 20536,453306.271,642,994.60 
Domino's PizzaBrowning West10 Mar 20500,000305.81,529,000.00 
Domino's PizzaBrowning West11 Mar 2092318.7293.2 
Domino's PizzaBrowning West11 Mar 201,286318.614,097.32 
Domino's PizzaBrowning West11 Mar 205,696318.0318,114.99 
Domino's PizzaBrowning West11 Mar 2011,885319.237,936.92 
Domino's PizzaBrowning West11 Mar 2037,251319.3118,942.44 
Domino's PizzaBrowning West11 Mar 20176,650318.9563,336.85 
Domino's PizzaBrowning West11 Mar 201,162,990314.753,660,511.03 
Domino's PizzaBrowning West11 Mar 2051,401319.33164,138.81 
Domino's PizzaBrowning West11 Mar 2043,494319.54138,980.73 
Domino's PizzaBrowning West11 Mar 2017,752319.1556,655.51 
Domino's PizzaBrowning West12 Mar 2010,197301.8430,778.62 
Domino's PizzaBrowning West12 Mar 208,729300.6626,244.61 
Domino's PizzaBrowning West12 Mar 20225,334304.74686,682.83 
Domino's PizzaBrowning West12 Mar 2025,660299.1676,764.46 
Domino's PizzaBrowning West12 Mar 2024,699301.3974,440.32 
Domino's PizzaBrowning West12 Mar 205,594300.7916,826.19 
Domino's PizzaBrowning West12 Mar 20200,000300600,000.00 
Domino's PizzaBrowning West12 Mar 2044,666300.3134,132.00 
Domino's PizzaBrowning West12 Mar 2032,730300.4898,347.10 
Domino's PizzaBrowning West12 Mar 209,136298.4827,269.13 
Domino's PizzaBrowning West12 Mar 2067,723301.38204,103.58 
Domino's PizzaBrowning West12 Mar 2065,532301.03197,270.98 
Galliford TryBill Hocking (ceo)12 Mar 20100,000116.24116,238.50 
InformaDerek Mapp13 Mar 2037,850549.7324208,073.71 
Croda InternationalJohn Ramsay13 Mar 201,9254,048.1277,926.40 
Croda InternationalJohn Ramsay13 Mar 20754,075.003,056.25 
RightmoveAndrew Fisher (ch)13 Mar 2010,000534.0053,400.00 
RightmoveAndrew Fisher (ch)16 Mar 2010,000484.5048,450.00 
Crest NicholsonPeter Truscott (ceo)16 Mar 2030,000311.1693,347.22 
DerwentSimon Silver16 Mar 203,5002,932.00102,620.00 
IWGEstorn Limited16 Mar 202,000,000151.203,024,000.00

PCA of Mark Dixon, ceo. Weighted average price

SoftcatRobyn Perriss17 Mar 2015,0001,002.00150,300.00 
Sells      
CompanyDirector/PDMRDateNo. of sharesPrice (p)Aggregate value (£)Comments
BarclaysPaul Compton9 Mar 20397,929121.55483,683.00 
CalisenBert Pijls (ceo)11 Mar 2046,183240110,839.20 
CalisenSean Latus (cfo)11 Mar 2014,46724034,720.80