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LONDON - Costain Group PLC (LSE:COST) announced that Chief Executive Officer Alex Vaughan and Chief Financial Officer Helen Willis have exercised share awards and subsequently sold portions of their holdings, according to a regulatory filing Wednesday.
Vaughan exercised 751,810 options granted under the company’s 2014 Share Deferral Plan (SDP) and Long Term Incentive Plan (LTIP), selling all shares at an average price of 143 pence per share on June 20 and 24. Willis exercised 458,662 options and sold 337,117 shares, retaining 121,545 shares through a transfer to her spouse.
The transactions included sales to cover tax and National Insurance liabilities, with Vaughan selling 353,352 shares and Willis selling 215,572 shares for this purpose.
Following these transactions, Vaughan maintains a beneficial holding of 570,737 shares, unchanged from his previous position. Willis increased her beneficial holding from 132,248 to 253,793 shares.
Both executives continue to exceed the company’s share ownership guidelines of two times salary. Vaughan’s total beneficial shareholding, including qualifying awards, is valued at approximately £2.47 million, representing 460% of his salary. Willis’s holdings are valued at approximately £1.71 million, or 385% of her salary.
The share awards were originally granted in 2020 under the LTIP and in April 2023 under the SDP. The awards vested on April 6, 2025, and became exercisable until the tenth anniversary of their grant dates.
This information is based on a regulatory filing from Costain Group PLC.
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