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LONDON - James Fisher and Sons (LON:FSJ) plc, a UK-based service provider to all sectors of the marine industry, has disclosed the conditional award of shares to its executive directors under the company’s 2021 Long Term Incentive Plan (LTIP). The awards were made to Chief Executive Officer Jean Vernet and Chief Financial Officer Karen Hayzen-Smith on May 1, 2025, with Vernet receiving 343,774 shares and Hayzen-Smith 190,206 shares.
The LTIP awards are designed to vest on the third anniversary of the grant date, contingent upon the fulfilment of performance conditions as outlined by the company’s Remuneration Committee and detailed in the 2024 Annual Report and Accounts. The committee also maintains the discretion to adjust the awards at the time of vesting to reflect all relevant considerations, including any unforeseen gains.
Furthermore, a two-year holding period following vesting is mandated for these awards, emphasizing the company’s focus on long-term performance alignment between the directors’ interests and those of the shareholders.
The transaction took place outside of a trading venue, and the shares were granted at no cost to the executives. This move underscores a common practice in corporate governance, where companies incentivize their top management through share-based compensation schemes linked to the company’s performance.
James Fisher and Sons plc has made this information public following the regulatory requirements set by the Market Abuse Regulations, ensuring transparency in its dealings with executive remuneration. The news, based on a press release statement, reflects the ongoing commitment of the company to align the interests of its leadership with its strategic objectives and the creation of shareholder value over the long term.
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