a2 Milk Co. (ASX:A2M, NZE:ATM) said its executive team sold up to 50% of the shares received by them on Aug. 30, 2024, after vesting performance rights to cover tax obligations, according to a Wednesday filing with the Australian bourse.

Chief Executive David Landt Bortolussi sold 245,453 ordinary shares at an average price of NZ$10.89 per share, and now owns 1.3 million of the company's shares, the filing said.

Chief People and Culture Officer Amanda Hart sold 25,600 ordinary shares at the same price and now owns 52,579 of the company's ordinary shares, the filing added.

Meanwhile, Chief Marketing Officer Edith Bailey sold 30,000 shares at NZ$10.94 per share, and now owns 67,049 shares in the company, the company said.