Chemring Group Grants Long-Term Incentive Awards to Directors

An update from Chemring ( (GB:CHG) ) is now available.

Chemring Group PLC has announced the grant of long-term incentive awards to its directors, Michael Ord, James Mortensen, and Sarah Ellard, under the company’s Long Term Incentive Plan. These conditional awards, which involve ordinary shares, are set to vest on December 18, 2027, contingent on continued service and performance conditions. This move, disclosed in the company’s 2024 annual report and approved at the recent Annual General Meeting, reflects Chemring’s commitment to aligning leadership incentives with long-term company performance, potentially impacting its operational focus and stakeholder confidence.

More about Chemring

Chemring Group PLC operates in the defense and aerospace industry, providing advanced technology products and services. The company focuses on the development and production of countermeasures, sensors, and energetic systems, catering primarily to military and security markets worldwide.

YTD Price Performance: 17.20%

Average Trading Volume: 1,410,004

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: £1.04B

Find detailed analytics on CHG stock on TipRanks’ Stock Analysis page.