It seems almost unplanned that REA Group CEO and Executive Director, Tracey Fellows would dump her entire shareholding in the company, selling off 10,206 shares, leaving her with just 12 shares in her control.
The news dropped four years to the day of her appointment as the boss of the real estate services group, which is controlled by Rupert Murdoch’s News Corp.
“Divestiture was made for personal reasons at a time when the market was fully informed,” was the unconvincing reply to queries from an REA spokesman.
So many questions needed to be answered like, why was she holding on to 12 shares? A few phone calls to external parties confirmed there was no scuttlebutt about Fellows moving on.
A notice in June reports that Fellows picked up those 12 shares as part of REA’s employee share purchase plan.
More clues were provided with the fact that her previous notice - from August 21 last year - reported that she received 10,206 shares from the vesting of performance rights.
And it just so happens that she sold those 10,206 shares last Friday (as revealed to the ASX on Monday).
The question that came to mind is, will any options be vesting for Fellows this month?
Read more here
Join us in Madrid from the 13th to the 16th of November for the Property Portal Watch Conference.