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LONDON - Craneware plc (AIM:CRW.L), a healthcare financial performance solutions provider, announced Wednesday that conditional share awards were granted to three directors and the company’s Chief Legal Officer under its Long Term Incentive Plan.
The awards, issued on September 16, include 23,199 shares for CEO Keith Neilson, 36,864 shares for CFO Craig Preston, 23,898 shares for Chief People Officer Isabel Urquhart, and 7,828 shares for Chief Legal Officer Eric Carter.
These conditional awards represent between 0.022% and 0.104% of the company’s issued share capital, excluding treasury shares.
The incentive plan specifies that awards will vest after three years, subject to continued employment and meeting performance conditions. Half of the performance evaluation is based on total shareholder return relative to FTSE AIM 100 Index companies, while the other half depends on compound annual growth in adjusted diluted earnings per share.
The performance measurement will occur in three tranches, with one-third evaluated based on results for the three financial years ending June 30, 2026, another third for the period ending June 30, 2027, and the final third for the period ending June 30, 2028.
Any shares that vest will be subject to a two-year holding period after tax deductions. No consideration was required for the grant of these awards, and recipients will not pay to receive shares if the awards vest.
The information about these transactions was disclosed in accordance with regulatory requirements for persons discharging managerial responsibilities, according to the company’s press release statement.
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