LONDON, March 20 Rich Ricci, the head of
Barclays' investment bank, has sold shares worth almost 17
million pounds ($25.7 million) straight after receiving them
under previous deferred bonuses or long-term share awards.
Barclays said on Wednesday Ricci was awarded 5.7 million
shares on Tuesday and had sold them all. By 1554 GMT Barclays
shares were down 1.3 percent at 294 pence, valuing the stake at
16.8 million pounds.
Ricci was one of nine directors to receive shares, and often
about half of them are sold to cover taxes. Antony Jenkins, who
took over as CEO at the end of August, received 1.8 million
shares and sold 943,000.