Auto Trader (GB:AUTO) has released an update.
Auto Trader Group plc has announced the grant of nil cost option awards under its Deferred Annual Bonus Plan to three key directors, which are set to vest on the second anniversary of the grant, subject to their continued service. The awards involve a significant number of shares and will remain exercisable for up to ten years, with no payment required for the grant or upon vesting. This move signifies Auto Trader’s commitment to long-term incentives for its executive team, aligning their interests with those of the company and its shareholders.
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