Balfour Beatty Directors Receive Shares Under Incentive Plans
Why we think this is neutral
This RNS announcement is related to the vesting of conditional share awards for the company's directors and PDMRs. While it provides details on the number of shares received and sold, it does not contain any information about the company's trading performance, financial results, or other key business updates. As such, the news is considered neutral and does not warrant a strong positive or negative sentiment score.
Key Points
- Conditional share awards have vested for the Group Chief Executive and Chief Financial Officer
- Directors have sold a portion of the vested shares to cover tax and expenses
- Remaining shares have been retained by the directors
Summary
Balfour Beatty plc has announced the vesting of conditional share awards made under the company's Deferred Bonus Plan and Performance Share Plan. The awards have vested for the Group Chief Executive, Leo Quinn, and the Chief Financial Officer, Philip Harrison. The directors have sold a portion of the vested shares to cover tax liabilities and expenses, while retaining the remaining shares.