SoFi CEO enters prepaid forward contract on 1.5 million shares
LONDON - Picton Property Income Limited announced Wednesday that share awards previously granted to company executives under its long-term incentive and deferred bonus plans have vested and been exercised.
According to the company statement, Chief Executive Michael Morris received 197,279 shares from a Long-term Incentive Plan (LTIP) award granted on June 17, 2022, of which 92,909 were sold. Morris also received 301,997 shares from a Deferred Bonus Plan (DBP) award granted on June 14, 2023, with 142,225 of those shares sold.
Finance Director Jay Cable received 88,310 shares from an LTIP award granted in June 2022, all of which were sold. Cable also received 137,324 notional shares under the DBP from a June 2023 grant.
The company reported that shares were sold at a price of 80.05 pence per share, with sufficient shares sold to cover tax liabilities arising from the vesting of the executive director awards.
Picton Property Income, established in 2005, is listed on the London Stock Exchange (LON:LSEG) and owns a £723 million UK commercial property portfolio comprising 47 assets with approximately 350 occupiers as of March 31, 2025.
The notification was made in accordance with the Market Abuse Regulation, based on a press release statement from the company.
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