SABMiller has granted eight executives shares worth £3.8m under its executive share award scheme.

Members of the drinks company’s management team were given 117,150 ordinary shares under the company’s executive share award plan 2008. All of those receiving shares sold a portion of their award at 3,227p per share to meet tax liabilities.

SABMiller CEO Alan Clark and Norman Adam, chairman, SABMiller Beverages South Africa, received the largest share awards. Both were granted 24,750 ordinary shares, currently valued at £799k.

Recently installed group CEO Clark received a pay package worth £6.7m (including share price growth) for the year ending March 2013. His base pay for the year ending March 2014 was £1.1m.

Last month the brewer of Peroni, Grolsch and Miller reported a 3% rise in full-year revenues.

The brewers share price has risen by 164% over the past five years, largely on the back of strong growth in emerging markets. The shares are currently trading 12.7% down on the five-year high recorded in May last year of 3,683p.

The share awards in full were as follows:

Name of PDMRPositionShares released on 15 May 2014Shares sold on 15 May 2014Shares retained
A.J. Clark Chief executive 24,750 9,823 14,927
N.J. Adami Chairman, SABMiller Beverages South Africa 24,750 10,420 14,330
M. J. Bowman Managing director, SABMiller Africa 12,375 5,210 7,165
S.M. Clark Managing director, SABMiller Europe 8,250 3,491 4,759
J. Davidson General counsel and group company secretary 8,250 3,878 4,372
N.T. Fell Marketing director 9,900 4,653 5,247
A. Mervis Managing director, SABMiller Asia Pacific 12,375 4,332 8,043
C.A. van Kralingen Director: supply chain & human resources 16,500 7,755 8,745