PARIS — Gucci Group may have a big cash pile, but so does its creative director Tom Ford.

Ford made approximately $38 million in the past two months from buying and selling shares in the company. The transactions came to light over the holiday weekend as part of filings with Autoriteit Financiele Markten, the Dutch financial market regulator. Gucci Group is listed in Amsterdam and New York.

Ford exercised about half of his four million stock options in Gucci Group between April 7 and May 5.

The transactions come at a sensitive moment since Ford and chief executive Domenico De Sole are in talks to renew their contracts with Pinault-Printemps-Redoute, which owns 63.28 percent of Gucci. PPR can acquire as much as 70 percent of the firm on the open market before the end of the year. After that, PPR has committed to paying $101.50 a share for the rest of the company, or an expected total of $3.6 billion.

A spokesman for Gucci Group declined to comment on Ford’s trades but characterized them as not unusual.

Last year, Ford cashed in 450,000 options that netted him an estimated $23 million, as reported.

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