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LONDON - Helios Underwriting plc, the unique public entity offering access to Lloyd’s of London syndicates, disclosed the grant of long-term incentive plan (LTIP) awards to three senior managers on Monday. The awards, which are in the form of nil cost options, will vest based on the company’s total shareholder return (TSR) over a three-year period.
The LTIP awards were distributed among the Chief Operating Officer, Adhiraj Maitra, who received 105,485 shares; Head of Portfolio Strategy, Jen Tan, with 42,194 shares; and ACMA Financial Controller, David Shawe, who was granted 31,645 shares. These grants are set to vest on the third anniversary of their issuance, contingent upon the fulfillment of performance conditions and the executives’ continuous service.
The performance conditions for vesting are tied to Helios’s TSR, with no vesting for performance below a 30% threshold. A TSR of 30% will see 25% of the options vest, scaling up to full vesting for a TSR of 60% or more, with proportional vesting for performance between these two markers.
These incentives are part of Helios’s strategy to align the interests of its leadership with those of its shareholders and to retain key personnel. The company has also announced that Adhiraj Maitra will assume the new role of Director of Finance and Operations following the retirement of Arthur Manners after the upcoming Annual General Meeting, as previously announced on May 29, 2025.
The LTIP awards come as Helios continues to position itself within the insurance and reinsurance marketplaces, leveraging its unique model to provide investors with exposure to the prestigious Lloyd’s market. The transactions took place outside of a trading venue and are in accordance with UK Market Abuse Regulation.
The information provided here is based on a press release statement issued by Helios Underwriting plc.
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