Former Walker Crips private client director and chief executive Michael Sunderland has sold a £112,000 stake in the firm.
Sunderland, who served as CEO from 1996 to 2006, ended his 38-year career with the firm in 2011.
According to announcement posted on the London Stock Exchange, he sold 250,000 shares in the firm on 14 January. The move reduced his holding to around 1.6 million shares accounting for a 4.42% interest.
Shares in Walker Crips closed at 44.75p last night, just shy of their 52-week high of 48.9p.