Nedbank executives vest shares from 2022 matched scheme

Nedbank Group Limited announced the vesting of shares to executive directors, prescribed officers, and the company secretary under the 2022 Matched Share Scheme. This scheme involves compulsory and voluntary bonus share components. Due to the company failing to meet its ROE performance target for the period 2022-2024, certain executives will not have shares matched from this period. However, 25% of shares held by the company secretary will be matched. As of April 1, 2025, Jackie Katzin, the company secretary, vested 288 match shares at a price of ZAR259.53 per share, for a total value of ZAR74,744.64. The vesting occurred off-market.