Top staff to enjoy £300m windfall
RAC is set to float for a valuation between £1.2bn and £2bn, according to reports.
If successful, the flotation would be double the value Aviva sold the business for in 2011 at £1bn.
Private equity firm Carlyle is considering listing the firm next month and hopes to fetch £2bn.
The private equity house is buoyed by the success of the AA, which floated in June.
CityAm says RAC chief executive Chris Woodhouse would make between £40m and £50m from the float, sharing around 22% of the executive share pool, while chairman Rob Templeman could make around £30m from his 13% stake in the share pool, according to Companies House filings.