Phoenix Group Executive Exercises Share Options

Phoenix Group Holdings (GB:PHNX) has released an update.

Phoenix Group Holdings PLC has announced that their Group Chief Investment Officer, Michael Eakins, exercised nil-cost options over ordinary shares after a three-year holding period tied to the company’s Deferred Bonus Share Scheme. Eakins acquired 17,695 shares, selling 8,384 of them to cover taxes and National Insurance, resulting in a net holding of 9,311 shares at a sale price of 553.50 pence each. This financial maneuver is in line with the UK Markets Abuse Regulation and has been publicly disclosed as per regulatory requirements.

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