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.