Ryanair chief executive Michael O’Leary has netted €33 million by selling two million shares in the budget carrier.
The shares were sold at a price of €16.49 each, according to a stock market filing.
The sell-off was made last week and came a year after O’Leary offloaded four million shares in the airline.
He remains the airline’s third largest shareholder with a 3.8% stake.
Ryanair’s annual profits rose by 10% to €1.45 billion in the year to March 31.