A2 Milk chief executive Jayne Hrdlicka caused a stir on the sharemarket last year with the sale of her shares in the company and it's looking likely that there will another sale in August.
In response to a shareholder question at November's annual meeting, Hrdlicka said the majority of her remaining "transition shares" would need to be sold to pay tax and complete an investment for a decision made in 2016. She also indicated a small portion would be retained to begin to build a position in a2 Milk.
As part of her package, Hrdlicka settled on compensation of about two thirds of the value of her then Qantas entitlements.
A2 Milk regards the "transition" shares - essentially compensation for value foregone as a result of her move away from Qantas - and are separate from any awards that might occur under incentive schemes.
In reply to a query from the Herald, a2 Milk said another tranche of shares is due to be vested with Hrdlicka in August.