Dos consejeros de Sabadell reinvirtieron el dividendo de TSB

Two senior figures from Sabadell have re-invested in the bank's shares from the 50 centavo special dividend it paid in May. Lluís Deulofeu, president of the Cellnex Foundation, purchased 35,411 shares in June, while David Vegara, who also serves as the bank's chief of Regulation and Risk Control, bought 22,164 shares. These purchases were made just before the TSB dividend was distributed, which was the highest in the bank's 145-year history.

The bank's president, Oriol Oliu, had campaigned among small investors to use the dividend to boost their stock portfolios. He claimed that the market multiples suggested the share price should be higher, considering the expected profitability in 2027 and the analysts' price. However, only these two senior officials among the bank's fifteen members re-invested part of the 50 centavo dividend.

Deulofeu owns 123,151 shares, making him one of the lesser shareholders among the board. Vegara's ownership stands at 580,000 shares, accounting for 0.01% of the bank's capital. After receiving the dividend and with the stock trading at all-time highs, several directors opted to cash out in the summer. Sergi Palavecino, the bank's financial director, sold 180,000 shares for a gross income of 645,800 euros.

Marc Prat, the general director of Strategy and Transformation, earned 543,000 euros from selling 150,000 shares. Sonia Quibus, responsible for Human Resources and Sustainability, transferred 55,000 shares. Oriol Oliu, the president, holds the most personal wealth in the bank, with 8.11 million shares, 50,000 more than a year ago, after receiving four million euros from the May dividend.

Marc Armengol, the new deputy chairman, has 1.24 million euros in bank shares and 363,326 titles. His predecessor, César González-Bueno, amassed over two million shares in five years, regularly reinvesting up to 300,000 euros annually from his fixed salary.