Wang & Lee Group board approves 250-to-1 reverse share split
Haleon plc (LSE/NYSE:HLN) reported on Wednesday that Chief Financial Officer Dawn Allen received vested awards of ordinary shares under the company’s Share Value Plan and Performance Share Plan on June 30. The awards were part of Allen’s remuneration arrangements upon joining the company, designed to compensate for forfeited incentives from her previous employment.
According to the company’s statement, the Performance Share Plan award included accrued dividends and was conditional on continued employment and the satisfaction of original performance conditions over a period ending March 31, 2025. Executive directors must retain the award for at least two years after receipt, or until shareholding requirements are met. The awards are also subject to malus and clawback provisions.
The transactions included the acquisition of 41,484 ordinary shares at no cost and an automatic disposal of 19,565.96 ordinary shares at a price of £3.75638 each to cover tax liabilities, executed outside a trading venue. In addition, Allen acquired 136,528.65 ordinary shares under the Performance Share Plan at no cost and disposed of 64,329.29 shares at £3.75638 each to cover tax obligations, with these transactions taking place on the London Stock Exchange (LON:LSEG).
The information is based on a press release statement and disclosures made in a SEC filing.
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