tiprankstipranks

Marks and Spencer Announces Share Awards for New CFO

Story Highlights
Marks and Spencer Announces Share Awards for New CFO

Marks and Spencer ( (GB:MKS) ) has shared an update.

Marks and Spencer Group plc announced a series of conditional share awards to Alison Dolan, the incoming Chief Financial Officer, under the company’s Restricted Share Plan. These awards, totaling 637,309 shares, are designed to compensate Dolan for forfeited awards from her previous role at Rightmove plc. The shares are set to vest on specific dates between 2025 and 2027, with the requirement for Dolan to maintain an equity position equivalent to 200% of her salary within five years. This move is part of the company’s strategic efforts to secure top talent and align executive interests with shareholder value.

More about Marks and Spencer

Marks and Spencer Group plc is a major British multinational retailer headquartered in London, primarily known for selling clothing, home products, and food items. The company operates in the retail industry, focusing on providing high-quality products to a diverse market.

YTD Price Performance: -11.19%

Average Trading Volume: 9,440,783

Technical Sentiment Signal: Sell

Current Market Cap: £6.75B

Learn more about MKS stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App