Xero executive Sankar Narayan sells A$883k of shares to meet tax liability

Sun, 14 Jan 2018

By Paul McBeth Jan. 15 (BusinessDesk) - Xero chief financial and operating officer Sankar Narayan sold A$883,482 of stock to meet a personal tax bill accruing from the share component of his pay packet. The Xero executive sold 30,000 shares on market at an average price of A$29.45 per share on Jan. 9, a notice to the stock exchange said. That left Narayan with 42,874 shares, plus another 46,902 restricted stock units (RSUs) and 291,000 options to subscribe to shares under the company's Australian plan. "The sale is to meet personal t...

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