Texas Roadhouse earnings missed by $0.05, revenue topped estimates
LONDON - Playtech plc (LSE:LON:PTEC) has granted conditional awards to senior executives under its Transformation Plan, according to a regulatory filing released Monday.
The gaming technology company allocated incentive units from a pool that carries potential rights to receive 10% of dividend values and up to 10% of the company’s equity value or market capitalization at a future measurement date.
Chief Executive Officer Mor Weizer received 3,000 incentive units, representing 30% of the total pool. Chief Financial Officer Chris McGinnis was granted 1,000 units (10%), while Chief Operating Officer Shimon Akad and Vice President of Business Development Uri Levy each received 950 units (9.5%).
The incentive units may convert to nil-cost options over ordinary shares after a five-year measurement period from April 30, 2025, subject to performance conditions related to adjusted EBITDA and cash generation. Recipients must also remain employed by the company.
The awards follow the approval of Playtech’s Transformation Plan at a general meeting on December 19, 2024, and the completion of the sale of Snaitech S.p.A. on April 30, 2025.
According to the company’s statement, the plan "closely aligns the Playtech senior team with the interests of shareholders and the Company’s strategy to drive earnings growth, improve cash generation and deliver further returns to shareholders."
The transactions were reported in accordance with Market Abuse Regulations governing disclosures by persons discharging managerial responsibilities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.