Welcome to HotCopper’s Director Trades column, where we take a look at all the most interesting director transactions from across the past week and break down the details. This week, we’ll look at August 14-20.
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Directors legally have five business days to notify the ASX of their trades, so some transactions may be recorded after this article was written and published.
1. Temple & Webster
One of the biggest standout transactions through this week came from Temple and Webster Group (ASX:TPW), with company co-founder Mark Coulter exercising $884,000 worth of options (priced at 73 cents each) on Wednesday.
Mr Coulter immediately followed that up with three major on-market trades: He sold 1,200,000 shares at $22.75 each, pocketing $27.3 million in the process, before two identical 800K share bundle sales for $18.2M each.
Temple & Webster hit a new share record last week, selling at $29.06 a share, so Mr Coulter may have wanted to cash in on that while the going was good.
He may have also been preparing for this week’s FY25 report, dubbed “strong” by market analysts after Temple & Webster shared +20.7% revenue.
2. Evolution Mining
The next biggest transaction came from Jacob Klein, who made several moves on Aug.15. First, he converted securities into nearly 1.2M shares in Evolution Mining (ASX:EVN), where he’s been a non-executive chairman since a step-down in July, then he sold as much as $36,542,855 worth in an on-market trade.
To date, he now carries around 11 million indirect shares in the explorer.
3. REA Group
And, departing REA Group (ASX:REA) boss Owen Wilson shipped nearly 5,000 shares in the advertising business, making $1.25M in the process. This move’s no great surprise; Mr Wilson told markets he’s retiring at the end of the year.
Catching up
One to look at from the last period that hadn’t been reported the last time I wrote up this HotCopper column, Peter Duerden sold 4.35M shares in Waratah Minerals (ASX:WTM) at 57.5 cents each. He made $2.5M through the on-market trade, and now holds 11.3M indirect shares and 1.2M more options.
This sale came after several Waratah bosses converted securities: Darryl Clark, Andrew Stewart, and Mr Duerden were all involved in the swapover.
On the same day, Mr Duerden was also issued three packages of 666,668 shares in the company, all from options he’d carried to that point.
That’s this week’s Director Trades – we’ll be back with more next Thursday.
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