British American Tobacco Grants Restricted Share Awards to Executives
Why we think this is neutral
This RNS announcement is a routine disclosure of restricted share awards to British American Tobacco's executive team. While it provides transparency on the company's compensation practices, it does not contain any significant business updates or financial information that would significantly impact the company's outlook.
Key Points
- Restricted share awards granted to 12 executive team members
- Awards will vest after 3 years with no further performance conditions
- Total of 134,739 shares awarded at a price of 3,179 pence per share
Summary
The tobacco company has granted restricted share awards to its executive team as part of their compensation packages.
British American Tobacco p.l.c. has announced the grant of restricted share awards to persons discharging managerial responsibilities (PDMRs) under the company's Restricted Share Plan. The awards will vest after three years with no further performance conditions. The total number of shares awarded to the 12 PDMRs is 134,739, with the awards priced at 3,179 pence per share.
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