Checkit plc (GB:CKT) has released an update.
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Checkit plc’s CEO, Kit Kyte, has surrendered 1.5 million options and was granted 4 million new options under the company’s 2020 Enterprise Management Incentive Plan, with specific performance targets that must be met for the options to vest by 2029. The awarded options are structured to vest in four tranches, each subject to achieving ‘Rule of 40’, ‘L/EBIT’, and ‘Share Price’ targets, incentivizing the CEO’s performance in line with the company’s growth objectives.
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