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.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.