Temple & Webster sell CEO shares

Company News

by Rachael Jones

Furniture and homewares market Temple & Webster (ASX:TPW) is selling $1.3 million shares by CEO Mark Coulter.

These shares were issued under an employee incentive scheme that had holding lock restrictions under the terms of the scheme.

The sale was completed by way of a share sale facility set up by Temple & Webster to enable the sale of shares to cover tax obligations which have arisen as a result of the release of holding lock restrictions on the 29th August.

Mark Coulter retains interests in $10.2 million shares/options.

Shares in Temple & Webster (ASX:TPW) closed 1.94 per cent higher at $1.58.