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LONDON - Kainos Group plc (KNOS) announced that CEO Brendan Mooney received a performance-based share award on June 23, according to a company statement released Tuesday.
The award, approved by Kainos’ Board of Directors under the company’s Performance Share Plan (PSP), consists of options over ordinary shares at the nominal value of £0.005 each. Mooney received 2,936 options following his re-appointment as CEO.
The PSP award will vest over a three-year period from June 23, 2025, subject to meeting specific performance conditions.
The performance metrics are divided into three categories: 40% of the award is tied to Earnings Per Share growth over three financial years starting April 1, 2024; 30% is based on Total (EPA:TTEF) Shareholder Return compared to the FTSE techMARK All-Share index; and the remaining 30% is linked to responsible business targets.
For the EPS component to vest fully, the company must achieve 13% or higher growth. Partial vesting begins at 5% growth.
The responsible business targets include achieving 37% of senior management roles held by women, maintaining an employee engagement score of 7 or better, reducing carbon intensity of Scope 3 emissions by 45%, and maintaining a Net Promoter Score above 30 by March 31, 2027.
Kainos Group, a UK-based digital services and platforms company, made the disclosure as part of regulatory requirements for director shareholdings.
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