Legal & General Group CEO Receives Shares Under Recruitment Award
Why we think this is neutral
This RNS announcement is a routine notification of a director's shareholding changes, which does not contain any significant business updates or financial information. While the vesting of the CEO's recruitment award is noteworthy, it does not directly impact the company's operations or financial performance.
Key Points
- CEO António Simões received 419,739 shares under a one-off recruitment arrangement
- The shares were granted in 2024 to compensate Simões for incentive awards forfeited when he left his previous employer
- No consideration was paid for the grant of the awards, and no price is payable on the vesting of the awards
Summary
The CEO of the financial services group has received shares under a one-off recruitment arrangement.
Legal & General Group Plc has announced that its Group Chief Executive Officer, António Simões, has received 419,739 ordinary shares of the company under a one-off recruitment arrangement. The shares were granted in 2024 to compensate Simões for incentive awards forfeited when he left his previous employer. No consideration was paid for the grant of the awards, and no price is payable on the vesting of the awards.
DIRECTOR DEALINGS