Foxtons Directors Receive Salary Substitute Restricted Share Awards
Why we think this is neutral
This RNS announcement is related to the grant of restricted share awards to the CEO and CFO of Foxtons Group plc. While this is a common practice for executive compensation, it does not directly impact the company's financial performance or operations. Therefore, the sentiment is considered neutral.
Key Points
- Foxtons Group plc granted restricted share awards to CEO and CFO
- Awards represent 10% of executives' cash salaries
- Awards will vest after 3 years, subject to continued service
- Awards subject to 2-year holding period post-vesting
Summary
The prominent real estate services company has granted restricted share awards to its top executives as part of their salary compensation.
Foxtons Group plc has announced the grant of nil cost options of Salary Substitute Restricted Share Awards under the company's 2020 Restricted Share Plan to the Chief Executive Officer and Chief Financial Officer. The awards represent 10% of the executives' cash salaries and will vest after three years, subject to continued service. The awards are subject to a two-year holding period post-vesting.
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