Rightmove CEO Peter Brooks-Johnson has sold a portion of his shareholding in Rightmove ahead of his retirement next year.
A statement to the markets on Thursday confirmed that Brooks-Johnson sold 39,282 shares in Rightmove for an average price of £5.54 per share, netting over £217,000 in the process.
He retains over two million shares in the company, worth roughly £11m in total.
Brooks-Johnson will retire in 2023 with Expedia Group veteran Johan Svanström succeeding him.
Rightmove shares dipped to £4.20 at the start of the coronavirus pandemic in 2020, but have since recovered to highs of £7.95 in December 2021. Shares at the time of writing are worth £5.61.
Learn more about Rightmove and the British portal industry as a whole in Online Marketplaces' Ultimate Visual Guide to Property Portals in the UK.