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LONDON - Aberdeen Group PLC (LSE:ABDN) has announced that on Monday, it granted Jason Windsor, an executive director, conditional awards to acquire ordinary shares as part of its long-term incentive plans. The awards, detailed in the company’s recent notification, are part of the abrdn plc Deferred Share Plan and the abrdn plc Executive Long Term Incentive Plan (LTIP).
Under the Deferred Share Plan, Windsor is set to receive a total of 482,744 shares, distributed evenly over three years, on the first, second, and third anniversaries of the grant date. These shares are subject to the plan’s rules and vesting conditions.
Additionally, Windsor was awarded 2,165,171 shares under the LTIP Plan, which are contingent on meeting pre-vesting performance criteria linked to the company’s net capital generation per share and relative total shareholder return. The LTIP shares will vest on the third anniversary of the grant date, provided the performance conditions are satisfied. Following vesting, these shares are subject to a holding period until the fifth anniversary of the grant date.
The company clarified that no payment is required from Windsor upon the grant or vesting of these awards. Moreover, the number of shares awarded may increase to account for any dividends that would have been paid during the period from the grant date to the release date.
These incentive plans are part of Aberdeen Group’s strategy to align the interests of its executive team with those of its shareholders, as outlined in the company’s 2024 annual report.
This announcement is based on a press release statement issued by Aberdeen Group PLC and provides a factual account of the executive director’s share awards without endorsing the company’s claims or future prospects.
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