Nexteq awards stock options to top executives

Published 07/05/2025, 12:46
Nexteq awards stock options to top executives

LONDON - Nexteq plc (AIM:NXQ), a provider of technology solutions to various industrial sectors, has granted stock options to its senior management under its 2022 Long Term Incentive Plan. The announcement made today outlines that the company awarded 741,705 Performance Share Awards and 77,519 Restricted Share Awards to its key executives.

The options consist of two parts with specific vesting conditions. For the Performance Share Awards, 70% will be based on the company’s adjusted earnings per share (EPS) performance for the financial year ending December 31, 2027. The vesting of this portion requires a minimum compound annual growth rate (CAGR) of 10%, with full vesting at a CAGR of 20% or higher. The remaining 30% of the Performance Share Awards are tied to the company’s total shareholder return (TSR) over a three-year period, with similar CAGR thresholds for partial to full vesting.

The Restricted Share Awards will vest over three years without any performance conditions. All options are exercisable at the nominal value of 0.1 pence per ordinary share.

Duncan Faithfull, Group CEO, was granted a total of 524,651 options, and following this grant, he now holds 819,581 options. Matt Staight, Group CFO, received 294,574 options, bringing his total to 336,260.

Following this grant, Nexteq has a total of 3,618,921 outstanding options, representing about 5.4% of the current issued share capital of the company.

Nexteq, known for its brands Quixant (LON:NXQ) and Densitron, specializes in computer platforms and human machine interface technology. The company has a presence in six countries and services over 500 customers across 47 countries. Its Taiwan operation is integral to its supply chain management and manufacturing strategies.

The information provided in this article is based on a press release statement issued by Nexteq plc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.