Stephen Garvey splashes the cash on his own company

📆 12/09/2024 08:24:00
📰 IrishTimes

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Glenveagh-Living

Glenveagh boss’s recent 550,000 shares were purchased over the last two years for about €630,000. They are now worth nearly €800,000

Stephen Garvey has been splashing his cash on shares in his house construction company Glenveagh lately, stock market filings show.

Overall, Garvey holds more than 10 million shares in the company , worth close to €15 million at the company’s current share price, which has risen from about 95 cent a share in October to the current price – a jump of nearly €5 million in value. That’s on top of Garvey’s annual salary of €600,000 salary, topped up with benefits of €24,595, and pension contributions of €30,000, for a total package worth €654,595 . His total remuneration in 2023, including bonuses, was worth €1.5 million, the company’s annual report states.

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