Ashtead (GB:AHT) has released an update.
Ashtead Group plc has announced the issuance of conditional awards under its Long-Term Incentive Plan to executive directors, with the potential to receive ordinary shares upon meeting certain employment and performance criteria. The shares are to be sourced from the Group’s Employee Share Ownership Trust, and upon vesting, directors are required to retain the shares for an additional two years, post the selling of shares necessary to cover tax liabilities. Key executives Brendan Horgan and Michael Pratt have been granted 59,390 and 26,333 shares respectively, at an exercise price of GBP1 and no cost for the award grant.
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