Gold prices steady ahead of Fed decision; weekly weakness noted
LONDON - WPP (LON:WPP) plc, the global creative transformation company, announced on Monday that it has granted performance-based share awards to its top executives, including CEO Mark Read, CFO Joanne Wilson, and COO Andrew Scott. These awards, part of the company’s Executive Performance Share Plan, are structured as nil-cost options or conditional shares and are contingent on WPP’s performance over a three-year period ending December 31, 2027.
The awards were made on March 12, 2025, with Read receiving 714,432 shares, Wilson 361,617 shares, and Scott 354,480 shares. The final number of shares that will vest for each executive is tied to the achievement of specific performance metrics. These metrics are equally weighted and include average Return on Invested Capital (ROIC), cumulative Adjusted Free Cash Flow (AFCF), and relative Total (EPA:TTEF) Shareholder Return (TSR).
For the executives to receive any portion of the award, WPP must meet a threshold performance level, which would result in a vesting of 20% of the awarded shares. The vesting percentage can increase on a straight-line basis up to 100% if WPP achieves maximum performance targets.
The share awards are in line with the 2023 Directors’ Compensation Policy, which was approved by shareholders on May 17, 2023. Should the performance conditions not be met by the end of the designated period, any unvested awards will lapse. Additionally, the awards are subject to a two-year holding period post-vesting for Executive Directors.
The transactions took place on the London Stock Exchange (LON:LSEG) and are part of WPP’s ongoing strategy to align executive compensation with company performance and shareholder interests. This announcement is provided in compliance with the Market Abuse Regulation.
The information in this article is based on a press release statement from WPP plc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.