Mobico Group CEO Granted Performance-Linked Shares

Mobico Group (GB:MCG) has released an update.

Mobico Group PLC has announced that Ignacio Garat, the Group Chief Executive Officer, has been granted options over shares under the company’s Long-Term Incentive Plan, which are subject to a three-year performance period and a 30% reduction in accordance with the Directors Remuneration Policy. The transaction, which took place on 20 June 2024, is part of the company’s efforts to incentivize management alignment with shareholders’ interests, although the exact number of shares that may vest can be adjusted based on the company’s performance.

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