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Gerry Harvey adds to Harvey Norman stake

Simone Ziaziaris  |  29 Sep 2017Text size  Decrease  Increase  |  
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SYDNEY - [AAP] Harvey Norman (ASX: HVN) chairman Gerry Harvey has taken home a marginally bigger pay cheque while also lifting his stake in the furniture, homewares and electricals company to a third.

Mr Harvey's statutory pay totalled $1.09 million for the year to June 30, fractionally up from his $1 million pay in the previous year thanks to a boost in long-term incentives, the company's annual report shows.

He also lifted his stake in the company by six million shares in the year to June 30, bringing his total balance to more than 337 million--roughly a third of the 1.1 billion shares on issue.

Chief executive Katie Page, Mr Harvey's wife, was paid $3.3 million, up from $3.1 million a year earlier, earning more in both short-term and long-term incentives than her husband.

The report also shows that Ms Page sold 210,000 shares in the company in March, taking her holding to 17.5 million, from roughly 17.7 million.

Harvey Norman shares were up 5 cents, or 1.3 per cent, at $3.90 at 1338 AEST on Friday.

 

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