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LONDON - Senior plc, a company listed on the London Stock Exchange (LON:LSEG), disclosed on Tuesday that it has granted conditional awards of ordinary shares to its executive directors and other managerial personnel as part of its long-term incentive and deferred bonus plans.
The awards, which were granted on March 11, 2025, involve no monetary consideration for their grant or vesting. They are set to vest three years from the grant date, subject to the fulfillment of specific performance criteria and continued employment within the company’s group.
David Squires, Group Chief Executive Officer, along with other key personnel, including Group Company Secretary Andrew Bodenham, Divisional CEO (Aerospace) Launie Fleming, Director of Risk and Assurance Amy Legenza, Executive Vice President - Strategy Nigel Major, Group HR Director Silvia Schwark, Divisional CEO (Flexonics) Mike Sheppard, and Group Financial Controller James Walker, are among the recipients of the awards.
The share awards are part of the Senior plc 2024 Long-Term Incentive Plan (LTIP) and the company’s deferred bonus plan, neither of which will utilize newly issued or treasury shares. Instead, the awards will be satisfied using existing ordinary shares sourced from the company’s employee benefit trust.
The LTIP awards granted to the executives range from 51,242 to 782,608 shares, while the deferred bonus plan awards vary between 6,596 and 64,186 shares, all at a nil price.
The granting of these awards aligns with corporate practices aimed at incentivizing top executives and aligning their interests with those of the shareholders and the long-term performance of the company.
This announcement, made in compliance with the UK’s market abuse regulation, provides transparency into the transactions of Senior plc’s managerial staff and is based on a press release statement.
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