Rio Tinto Limited (AU:RIO) has released an update.
Rio Tinto Limited has reported to the ASX/LSE that key management personnel have received vested matching shares through the company’s employee share plan, with some shares being sold immediately to cover withholding taxes and other deductions. The plan, named myShare, allows employees to purchase company shares quarterly, which are matched by the company after a three-year holding period. The recent transactions involved senior executives, including Bold Baatar and Jakob Stausholm, who retained a portion of their vested shares post the vesting period.
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