DFDS CEO Niels Smedegaard is DKK 18.43m ($2.78m) richer after cashing in share options.

The company said he sold 313,580 shares at DKK 58.80 each, compared to a price of DKK 229.90 (up 4%) in Copenhagen on Friday.

CFO Torben Carlsen also disposed of 235,185 shares at the same price, for a total of DKK 13.82m.

The company announced a record result for 2015 earlier on Friday.