Croda Grants Buy-Out Awards to New Executives
Why we think this is neutral
This RNS announcement is related to the granting of buy-out awards to new executives at Croda International Plc. While this is an important corporate action, it does not fall into any of the mandatory news types that require a more detailed analysis. Therefore, the sentiment is assessed as neutral.
Key Points
- Croda grants buy-out awards to new executives as part of recruitment packages
- Awards are intended to compensate for forfeited awards from previous employers
- Vesting of performance-based elements subject to achievement of certain conditions
Summary
The specialty chemicals company has granted buy-out awards to its new Chief Financial Officer and a member of the Executive Committee as part of their recruitment packages.
Croda International Plc has granted buy-out awards to its new Chief Financial Officer, Stephen Oxley, and a member of the Executive Committee, Thomas Riermeier, as part of their recruitment packages. The awards are intended to compensate the executives for forfeited awards from their previous employers. The vesting of the performance-based elements of these awards is subject to the achievement of certain performance conditions.
DIRECTOR DEALINGS