He was also facing an issue that the market value of his shares was less than his annual board fee.
Woodside has a minimum shareholding policy of 100% of share value based on purchase price compared to annual board fee.
He was paid $840k last year according to annual report. His 26k shares he held before this was worth about $700k. That doesn't look good.
So it looks like his hand partly being forced here by company policy.
He was also facing an issue that the market value of his shares...
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