Street Calls of the Week
LONDON - Aptitude Software Group plc (LSE:APTD) has issued performance-based share options to three senior executives, according to a company statement released Thursday.
The software company granted Chief Executive Officer Alexandra Curran options for 126,507 ordinary shares, while Chief Client Experience Officer Paul Tassinari and SVP of People and Culture Barbara Zając received options for 72,711 and 42,348 shares respectively.
The awards, granted on September 18, are subject to performance conditions measured over a three-year period. The vesting criteria include Total Shareholder Return (TSR) performance relative to the FTSE SmallCap Index (excluding investment trusts), accounting for 75% of each award, and diluted earnings per share (EPS) targets for 2026, accounting for the remaining 25%.
For minimum 25% vesting, the company must achieve median TSR performance and diluted EPS of 16.98 pence. Full vesting requires upper quartile TSR performance and diluted EPS of at least 19.53 pence.
Curran’s award, set at 125% of her salary in line with the company’s remuneration policy approved at the 2025 AGM, will be subject to a two-year holding period following performance assessment. The other executives’ awards will not have a holding period.
The Remuneration Committee retains discretion over the final vesting outcomes based on overall company performance, stakeholder experience, and results from prior performance share plans.
Each option has an exercise price equal to the nominal value of an ordinary share, which is 7 1/3 pence.
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