Tesco plc (GB:TSCO) has released an update.
Tesco PLC has announced that Gerry Mallon, Chief Executive of Tesco Bank and member of the executive committee, has been granted 150,106 conditional shares under the company’s Long-Term Incentive Plan (LTIP), which will vest in 2025 based on performance conditions. The shares are valued at a market price of 282.68 pence each, adjusted for the lack of dividend equivalents during the vesting period. This financial move aligns executive compensation with future company performance and regulatory compliance.
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