Phoenix Group Executives Exercise Share Options
Why we think this is neutral
This RNS announcement details the exercise of share options by Phoenix Group executives, which is a routine corporate action and does not provide any significant new information about the company's performance or outlook.
Key Points
- Executives exercised nil-cost options under the company's LTIP and DBSS
- Shares were sold to cover tax liabilities, with the remaining shares retained
- Transactions were made by the Group CEO, General Counsel and Chief Executive Officer of Retirement Solutions
Summary
The financial services company announces executives have exercised share options, selling some shares to cover tax liabilities.
Phoenix Group Holdings plc has announced that several of its senior executives, including the Group Chief Executive Officer and General Counsel, have exercised share options under the company's Long Term Incentive Plan (LTIP) and Deferred Bonus Share Scheme (DBSS). The executives sold a portion of the shares acquired to cover income tax and national insurance liabilities, with the remaining shares being retained.
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