Marks & Spencer Group PLC executives have recently sold a significant number of shares. International Managing Director Mark Lemming sold 82,997 shares for £313,940 on July 23, 2026, at a price of 378.26 pence per share. Food Managing Director Alex Freudmann and Operations Director Sacha Berendji collectively sold 570,000 shares for a total of £2.3 million on July 22, 2026, at a price of £3.98 per share.
These sales followed the vesting of share awards under the company's 2023 Performance Share Plan (PSP) and 2022/23 Deferred Share Bonus Plan (DSBP) earlier in July 2026. For example, on July 8, 2026, Freudmann sold 266,048 shares after the vesting of 507,035 shares from the 2023 PSP and 55,574 shares from the 2022/23 DSBP, retaining 296,561 shares. Lemming also sold 179,455 shares from a total of 259,745 vested shares (152,320 from PSP, 107,425 from DSBP) to cover tax and national insurance liabilities, retaining 80,290 shares from the PSP award.
Chief Executive Officer S. Machin also participated in similar transactions on July 8, 2026, selling 560,402 shares to cover tax and NI liability from the vesting of 845,061 shares under the 2023 PSP and 340,015 shares under the 2022/23 DSBP, retaining 624,674 shares. The total value of shares sold by the three executives (Lemming, Freudmann, and Berendji) in the July 22nd and 23rd transactions amounted to over £2.6 million.
The sales occurred as Marks & Spencer's stock has performed well, showing a 6.5% increase over the past 12 months. The current stock price is approximately 377.74 pence. These transactions, including those to cover tax liabilities, are routinely disclosed to ensure transparency regarding the shareholdings of persons discharging managerial responsibilities (PDMRs).
