RBS executives receive fixed share allowance

A number of key staff members at Royal Bank of Scotland all made a tidy bonus on Tuesday.

The shares delivered were in payment of a fixed share allowance for the six month period ended 31 December 2015.

Chief executive Ross McEwan received 156,133 shares valued at £500,000, while chief financial officer Ewen Stevenson received 124,906 valued at just under £400,000.

However both had to sell 73,493 and 58,795 to satisfy the associated tax liability.

Shares retained after paying tax liabilitiesare held on behalf of them in a nominee account and will be released in instalments over a five year retention period.

McEwen also said earlier in 2015 that he did not intend to benefit from his allowance and will give any proceeds received to charity.

Top Director Buys

Royal Bank of Scotland Group (RBS)

Director name: Mr Ross McEwan

Amount purchased: 156,133 @ 320.24p

Value: £500,000

Royal Bank of Scotland Group (RBS)

Director name: Mr Ewen Stevenson

Amount purchased: 124,906 @ 320.24p

Value: £399,999

Meggitt (MGGT)

Director name: Mr Colin R Day

Amount purchased: 25,000 @ 383.90p

Value: £95,975

EPE Special Opportunities (ESO)

Director name: Mr Clive L Spears

Amount purchased: 20,000 @ 108.50p

Value: £21,700

There were no director sales at the time of publication