Thursday October 29, 2020

Kingspan boss Murtagh reaps almost €3.5m from stake sale

The move comes as the building supplies group’s share price is close to an all-time high

Ian Guider

Markets Editor

@ianguider
18th October, 2020
Gene Murtagh last week exercised options awarded to him in 2017 as part of an executive performance plan, selling 43,120 shares at just under €80 each

Gene Murtagh, the chief executive of Kingspan, has raised nearly €3.5 million from the sale of part of his stake in the company.

It is the second time this year Murtagh has sold shares in the Cavan-based building products group, and it comes as the share price hovers near an all-time high.

Murtagh last week exercised options awarded to him in 2017 as part of an executive performance plan, selling 43,120 shares at just under €80 each.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Food group recorded a 3.1 per cent rise in first three quarters of the year but performance nutrition division took a hit

Peter O'Dwyer | 2 hours ago

The online jobs platform also recorded record turnover but is wary of a potential hit to revenues as pandemic curbs recruitment

Killian Woods | 1 day ago