Mikko Keto, the outgoing CEO of Danish mining equipment company FLSmidth, has sold 20,884 shares in the company in a transaction valued at approximately 8.5 million Danish kroner. Following the sale, Keto retains 2,600 shares in the company, according to an insider notification.

Keto cited the need to settle tax obligations as the reason for the transaction. The sale comes just days after the announcement that he will be leaving the company during the first half of 2026.