Xero chief executive Sukhinder Singh Cassidy has disposed of her entire shareholding in the cloud accounting firm, executing a transaction valued at approximately $2.2 million.
The sale marks a total exit from equity ownership for the CEO, who previously held a significant stake in the company.
The divestment occurs as Cassidy moves to reset her remuneration package.
The proposed changes aim to decouple her compensation from the company's struggling share price, shifting the structure away from heavy equity dependence.
This strategic pivot suggests a focus on stabilizing executive incentives amid ongoing market headwinds for the stock.
Cassidy's complete exit from the share register raises questions about insider confidence in the near-term trajectory of Xero's equity.