On the Beach awards stock options to six executives
On October 2, On the Beach Group plc granted stock option awards to six senior executives, according to a press release. The awards, under the company's Long Term Incentive Plan, came with nil cost. The recipients were CEO Shaun Morton, CFO Jon Wormald, CSO Adam Hansen, CPO Kasia Michalska, CPO Jennie Cronin, and General Counsel Kirsteen Vickerstaff.
Each executive received a significant number of ordinary shares, ranging from 258,956 to 136,359 shares. Vesting of these options is contingent upon continued employment, and the awards do not have performance conditions tied to them. The Remuneration Committee has the discretion to adjust the vesting outcomes if it believes they do not accurately reflect business performance.
This notification adheres to Article 19 (3) of the EU Market Abuse Regulation as incorporated into UK law.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
