Reitmans Incentivizes Management with Stock Options

Reitmans (Canada) Limited (TSE:RET) has released an update.

Reitmans (Canada) Limited has granted over one million stock options to its management team, with the aim of aligning the interests of the managers with the company’s long-term performance goals. These options, priced at $2.42, will vest over a period of time as part of the company’s Long-Term Incentive Plan. Reitmans, a leading Canadian specialty apparel retailer, operates 391 stores across the country under various banners.

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