Scandal-hit York house building giant Persimmon plc said on Friday that its outgoing CEO Dave Jenkinson sold 129,307 shares in the company at roughly £26.50 per share — worth a total of £3.4 million.

Following these transactions, Jenkinson holds 603,983 shares in the company worth roughy £16 million at Friday’s price.

Last month, Jenkinson sold 50,000 shares in the company at £26.21 per share — worth about £1.3 million.

Persimmon said in June it appointed National Express boss Dean Finch as its new group chief executive.

Finch will succeed Jenkinson as CEO of Persimmon at the end of this year. 

Persimmon was warned last year to change its corporate culture by an independent review following serious complaints about its executive pay, customer service and the safety of its homes. 

Former Persimmon CEO Jeff Fairburn left the firm amid a scandal over his $100 million package.