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LONDON - Henry Boot PLC (LSE:BOOT) has announced the grant of nil-cost options over ordinary shares to its executive directors and persons discharging managerial responsibilities (PDMRs) on Thursday. The options were allocated as part of the company’s Long Term Incentive Plan 2015 (LTIP), which is aligned with the Directors’ Remuneration Policy ratified at the 2024 Annual General Meeting.
The LTIP options are set to vest in April 2028, following a three-year performance period that concludes on December 31, 2027. The vesting of these options is contingent upon the fulfillment of specific performance criteria. These criteria include the company’s earnings per share (EPS), return on average capital employed (ROACE), total shareholder return, reduction in Scope 1 and Scope 2 greenhouse gas emissions, and improvements in the senior management gender balance.
Chief Executive Officer Timothy Andrew Roberts was granted the highest number of options, totaling 350,194 shares, while Chief Financial Officer Darren Louis Littlewood received options for 191,781 shares. Other executives, including Company Secretary Amy Louise Stanbridge, People Director Rachel Evelyn White, and Managing Directors Nicholas Joseph Duckworth and Edward James Hutchinson, were also recipients of the option grants.
The transactions, which took place outside a trading venue on April 24, 2025, have been disclosed in accordance with the EU Market Abuse Regulation. These grants represent a potential future ownership stake in the company for the executives, based on the achievement of the aforementioned performance targets.
Henry Boot PLC, a company with a history dating back over 130 years, operates across the property, land development, and construction sectors. This grant of options under the LTIP is part of the company’s strategy to incentivize its leadership team in alignment with the long-term interests of its shareholders.
The information regarding the LTIP option grants is based on a press release statement issued by Henry Boot PLC.
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