Whitehaven CEO sells shares to meet personal obligations
ASX-listed Whitehaven Coal has advised that its MD and CEO, Paul Flynn, has sold 991 692 shares in the company for personal reasons, including to satisfy tax obligations.
The company said in an announcement on Friday that the transaction was approved by the chair in line with Whitehaven’s securities trading policy.
Following the sale, Flynn retains a substantial interest in the coal producer, holding 1 085 033 shares and 2 690 640 vested performance rights. He remains one of the company’s largest individual shareholders.
Whitehaven noted that Flynn last sold shares in November 2022.
The company did not disclose the value of the transaction.
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