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Ryanair bosses offload €6m in shares

TOP Ryanair insiders sold over €6m worth of shares last week. Ryanair deputy chief executive Michael Cawley (above) and chief financial officer Howard Millar both netted €2.61m when they each exercised 1.52 million stock options before selling the shares.

Ryanair director James Osborne also cashed in 200,000 shares worth €980,000.

Both Cawley and Millar exercised the stock options at a price of €3.21 each before selling at €4.93.

Michael O'Leary is Ryanair's only executive director and while details of his remuneration appears in annual reports, less is known about Cawley and Millar's earnings.

Sunday Indo Business