Gold prices steady ahead of Fed decision, Trump’s tariff deadline
LONDON - International Workplace Group plc (IWG), a leading global provider of flexible workspaces, has awarded its Chief Financial Officer, Charlie Steel, a significant number of share awards under various incentive plans, as announced in a recent transaction dated May 22, 2025.
Steel was granted a total of 931,096 shares across three different plans, with no financial consideration for the grants. Under the Performance Share Plan, 551,166 share awards were granted, with vesting contingent on meeting performance conditions over a three-year period ending December 31, 2027. Additionally, the awards are subject to a two-year holding period post-vesting and will become exercisable on the fifth anniversary of the grant.
Furthermore, 207,205 shares were awarded under the Restricted Share Plan, which also includes a vesting period ending on the third anniversary of the grant, subject to the satisfaction of predetermined conditions. The Deferred Bonus Share Plan accounted for 172,725 shares, which are set to vest on the third anniversary of the grant, provided Steel remains with the company.
The share awards are part of IWG’s long-term incentive plans aimed at retaining key executives and aligning their interests with those of the company’s shareholders. The transaction took place outside a trading venue and the shares were granted at a nominal cost of GBP 0.00.
IWG operates in a competitive market for flexible workspaces, and such incentive plans are common practice to incentivize and retain top management talent. While the details of the performance conditions were not disclosed, they are typically set by the company’s Remuneration Committee and are designed to drive company performance over a multi-year period.
The information about this transaction is based on a press release statement, and it provides insight into how IWG is rewarding and motivating its executive team amid the evolving landscape of workspace solutions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.