Apparently No according to smh article. (although his investment co, did receive some cash at IPO - source IPO Prospectus)
Who knows? Maybe he was asked not to sell - anytime a CEO sells, the market reacts badly.
Article:-
As Dick Smith's second largest shareholder, Mr Abboud lost a small fortune through the company's collapse: his 15.3 million shares were worth $34 million when the company floated but had fallen to $5.4
million when Dick Smith entered administration last week.
Mr Abboud won't receive a payout and will walk away with only his final day's salary.
Peter Wuchatsch, analyst at remuneration advisory firm Ownership Matters, said Mr Abboud's base salary of about $1.25 million had been reasonable relative to his peers.
Mr Abboud received 10 per cent of his maximum performance bonus in 2015 leaving him with a total remuneration of $1.4 million, down from a $2.6 million package in 2014, which Mr Wuchatsch said "aligned well with the performance of the company".
But Mr Wuchatsch said the near $30-million wipe-out of the value of Mr Abboud's shares showed he was not part of such a strategy.
"He certainly didn't cut and run when he first made a profit ... he remained aligned with shareholders the entire time [and] he's been hurt financially a significant amount," Mr Wuchatsch said.