Capita CEO Increases Shareholding
Why we think this is neutral
This RNS announcement relates to a routine director share dealing transaction, with the CEO acquiring additional shares through the vesting of a share award. There is no indication of any material financial impact on the company's performance or outlook. The transaction appears to be in line with normal executive compensation practices.
Key Points
- Vesting of 2,497,467 Capita shares awarded to CEO Adolfo Hernandez under a buy-out share award
- Hernandez has personally funded £165,697 to cover tax and national insurance liabilities on the vesting
- Hernandez now holds a total of 5,657,176 Capita shares, representing 0.33% of the issued share capital
Summary
Capita plc has announced that the second tranche of shares awarded to Adolfo Hernandez, the Chief Executive Officer, under a buy-out share award granted in March 2024, have vested. Hernandez has personally funded £165,697 to cover his tax and national insurance liabilities on the vesting of these 2,497,467 shares. Following this transaction, Hernandez now holds a total of 5,657,176 Capita shares, representing 0.33% of the company's issued share capital.