Glanbia chiefs do well on share options

A NUMBER of Glanbia’s core management team have enjoyed a profitable start to the new year.

A NUMBER of Glanbia’s core management team have enjoyed a profitable start to the new year.

CEO, John Moloney who has guided the company to the top of the corporate league table and to unprecedented success made a profit of E831,000 last week when he sold 150,000 shares in the food giant based in Kilkenny city under Glanbia’s long term incentive plan.

He paid the option price of E408,750 for them and sold them last week for E1.2 million. However, he retains a further 760,000 shares and they are currently valued at around E6 million.

Newly appointed director of Glanbia, Brian Phelan also did well.

He exercised an option on 175,000 shares at a cost of E451,000 and sold them for E1.3 million giving him a profit of E839,000.

Group finance director, Siobhan Talbot made E376,000 on a similar type share sale.

Hugh McGuire, CEO of the performance nutrition department which has seen profits soar in recent yeas made E571,000 on his long term incentive share scheme option.