Travis Perkins (GB:TPK) has released an update.
Travis Perkins has granted its CFO, Duncan Cooper, nil-cost options for ordinary shares under the company’s Restricted Share Plan, including ‘buyout awards’ to compensate for forfeited incentives from his previous employer. These options are set to vest over three years with a two-year holding period post-vesting, and are subject to performance conditions. Any dividends paid during this period will increase the number of shares awarded, aligning the interests of the CFO with those of shareholders.
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