Director dealings: Big Yellow directors lower stake
Multiple Big Yellow directors offloaded shares in the company on Wednesday morning after exercising nil paid options granted to them as part of the company's long-term incentive plan.
Big Yellow Group
1,074.00p
09:09 26/04/24
FTSE 250
19,786.89
09:10 26/04/24
FTSE 350
4,459.09
09:10 26/04/24
FTSE All-Share
4,412.30
09:10 26/04/24
Real Estate Investment Trusts
2,227.78
09:09 26/04/24
Executive chairman Nicholas Vetch, chief executive James Gibson, operations director Adrian Lee and chief financial officer John Trotman all lowered their stakes at an average price of 951.69p per share.
Gibson, who co-founded the self-storage firm with Vetch in September 1988, sold 41,801 shares for a total of £397,815.94, while Vetch lowered his stake by 38,112 for a total value of £362,708.10.
Adrian Lee, who joined BYG in 1996 from Lazard, disposed of 30,980 for £294,833.56 and former Deloitte man John Trotman let go of 14,608 for £139,022.88.
Big Yellow reported a 7.6% increase in like-for-like revenue for its first quarter back in July as the board braced for criticism of its executive pay increases at its annual meeting.
In a trading statement, the company said the rise was driven by growth in occupancy and pricing.
Like-for-like occupancy rose to 84.2% from 81.6% year on year and average net rent per sq ft increased by 3.2%
The company faced criticism after an institutional shareholder called it out for awarding its executives pay increases of up to 40%.
Ashley Hamilton Claxton, head of responsible investment at Royal London Asset Management, said it had "longstanding concerns about pay at Big Yellow Group" and would be voting against the remuneration report, remuneration policy and the chairman of the remuneration committee.
As of 1500 BST, Big Yellow shares were trading 1.47% higher at 965.50p.
Top Director Buys
Smiths Group (SMIN)
Director name: Buckley,George
Amount purchased: 779 @ 1,605.84p
Value: £12,509.49
Caffyns (CFYN)
Director name: Gourlay,Nigel
Amount purchased: 1,893 @ 449.00p
Value: £8,499.57
Latham (james) (LTHM)
Director name: Dunmow,David A
Amount purchased: 771 @ 701.00p
Value: £5,404.71
Latham (james) (LTHM)
Director name: Sutton,Christopher David
Amount purchased: 770 @ 701.00p
Value: £5,397.70
European Wealth Group Limited (EWG)
Director name: Hay,Marianne Laing
Amount purchased: 25,000 @ 17.00p
Value: £4,250.00
European Wealth Group Limited (EWG)
Director name: Hay,Marianne Laing
Amount purchased: 25,000 @ 16.50p
Value: £4,125.00
Inchcape (INCH)
Director name: Vestring,Till
Amount purchased: 393 @ 705.00p
Value: £2,770.65
Inchcape (INCH)
Director name: Langston,John
Amount purchased: 279 @ 705.00p
Value: £1,966.95
Inchcape (INCH)
Director name: McConville,Coline
Amount purchased: 279 @ 705.00p
Value: £1,966.95
Ashley House (ASH)
Director name: Walters,Antony
Amount purchased: 1,590 @ 14.15p
Value: £224.98
Ashley House (ASH)
Director name: Hathaway,James Andrew John
Amount purchased: 1,590 @ 14.15p
Value: £224.98
Ashley House (ASH)
Director name: Holmes,Jonathan
Amount purchased: 1,590 @ 14.15p
Value: £224.98
Harvey Nash Group (HVN)
Director name: Wassall,Simon
Amount purchased: 135 @ 111.50p
Value: £150.53
Harvey Nash Group (HVN)
Director name: Ellis,Albert
Amount purchased: 135 @ 111.50p
Value: £150.53
Harvey Nash Group (HVN)
Director name: Garratt,Mark
Amount purchased: 135 @ 111.50p
Value: £150.53
Arrow Global Group (ARW)
Director name: Sutherland,Dave
Amount purchased: 59 @ 254.50p
Value: £150.16
Arrow Global Group (ARW)
Director name: Cooper,Paul
Amount purchased: 59 @ 254.50p
Value: £150.16
Arrow Global Group (ARW)
Director name: French,Tracy
Amount purchased: 59 @ 254.50p
Value: £150.16
Arrow Global Group (ARW)
Director name: Rochford,Lee
Amount purchased: 59 @ 254.50p
Value: £150.16
Arrow Global Group (ARW)
Director name: Hamilton,Stewart
Amount purchased: 59 @ 254.50p
Value: £150.16
Great Portland Estates (GPOR)
Director name: Sanderson,Nick
Amount purchased: 21 @ 714.05p
Value: £149.95
Great Portland Estates (GPOR)
Director name: Courtauld,Toby
Amount purchased: 21 @ 714.05p
Value: £149.95
Top Director Sells
Big Yellow Group (BYG)
Director name: Gibson,James
Amount sold: 41,801 @ 951.69p
Value: £397,815.94
Big Yellow Group (BYG)
Director name: Vetch,Nicholas
Amount sold: 38,112 @ 951.69p
Value: £362,708.10
Big Yellow Group (BYG)
Director name: Lee,Adrian
Amount sold: 30,980 @ 951.69p
Value: £294,833.56
Big Yellow Group (BYG)
Director name: Trotman,John
Amount sold: 14,608 @ 951.69p
Value: £139,022.88