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CAMBRIDGE, UK - Frontier Developments plc (AIM: FDEV), a prominent video game developer and publisher, has granted significant stock options to its executive directors under its Long Term Incentive Plan (LTIP). The company announced on Monday that a total of 538,000 options were allotted to four executive directors on February 21, 2025.
The options, which are exercisable at the nominal value of 0.5p per ordinary share, are scheduled to vest on February 21, 2028. Vesting is contingent upon meeting certain performance criteria over a three-year period, with half of the options linked to threshold targets for revenue, profit, and shareholder return. The remaining options will vest based on stretch targets for the same metrics.
The breakdown of the options granted is as follows: Chief Executive Officer Jonathan Watts received 204,000 options, President and Founder David Braben was awarded 113,000 options, Chief Financial Officer Alexander Bevis obtained 136,000 options, and Chief Operating Officer James Dixon was granted 85,000 options.
Following the recent option grants, the total number of shares held under all share option schemes by each executive director has been updated. Watts now holds 380,502 options, Braben has 196,374, Bevis possesses 298,320, and Dixon’s total stands at 127,627.
This move is part of Frontier’s strategy to incentivize its leadership team through equity participation, aligning their interests with those of shareholders and the company’s long-term performance goals.
The information in this article is based on a press release statement from Frontier Developments plc.
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