Deutsche Bank senior execs cash in shares
12.05.2009 19:19
FRANKFURT, May 12 (Reuters) - Top managers at Deutsche Bank (News/Aktienkurs) have sold shares in the Frankfurt-based lender, regulatory filings published on Tuesday show.
Pierre de Weck, head of private wealth management, sold more than 66,000 shares for 2.74 million euros, filings show.
The sale, which happened in stages between May 6 and May 8, was made for an average price of around 41 euros a share.
Only three months ago, de Weck bought 30,000 shares for 22 euros each, director's dealings show.
Seth Waugh, chief executive for the Americas, sold 22,000 shares at an average price of $55.5 a share, worth $1.26 million, according to the filings.
(Reporting by Edward Taylor; editing by David Cowell)
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