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Story summary
- On 13 June 2026, Xero CEO Sukhinder Singh Cassidy sold all 29,608 shares for about $2.2 million, triggering a 4.4% stock decline.
- Chairman David Thodey is urging shareholders to approve a pay plan that raises Cassidy’s salary and reduces dependence on the falling share price.
- Xero’s share price fell from a June 2025 peak of $194 to about $71 on 14 July 2026, pressured by rate hikes.
