OTP executives continue to sell incentive program shares

Telco

Two of Hungarian OTPʼs top executives reportedly sold more than HUF 700 mln of the bankʼs shares yesterday, Hungarian news agency MTI citing the lender as saying today.

Chairman-CEO Sándor Csányi

Yesterday Chairman-CEO Sándor Csányi sold 108,011 shares at an average price of HUF 5,934 per share and board member László Utassy sold 10,810 shares at an average price of HUF 5,911 per share, MTI said.

The men bought the shares at a fixed price from OTPʼs treasury share stock as part of an incentive program earlier, the news agency added.

It was reported on Monday that two other top executives at Hungarian OTP sold approximately HUF 364 mln of the bankʼs shares. Vice chairman Antal Pongrácz sold 32,436 shares at an average price of HUF 5,751 per share and deputy-CEO László Bencsik sold 30,912 shares at an average price of HUF 5,755 per share.

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