Paul Walsh

I see Paul Walsh, CEO of Diageo (DGE 1055p) has sold just under a million pounds of shares, resulting from an options exercise the same day.

Looking back, he always sells pretty much all the shares he receives as a result of exercising his options, not just a portion sufficient to pay the tax, so behaviourally this is no change from previous sales.

What I did notice though is that he has been very clever at hitting all the peaks in the Diageo share price chart over the last two years.

To best see this, go to, search for diageo, draw a chart, and overlay directors dealings.

The chances are that he’s done it again this time, and 1055p may well be the recent peak of Diageo for a few months.