Absa executives awarded performance and deferred share incentives
Absa Group Limited announced that executive directors, prescribed officers, and the company secretary have been awarded ordinary shares under the Absa Group Share Incentive Plan (SIP). The awards consist of both Long-Term Performance Awards and Deferred Awards. The Performance Awards vest subject to achieving financial and non-financial targets over a three-year period. Key recipients include Charles Russon, who received 80,575 Performance Award shares (ZAR14,999,842 value), and Deon Raju, awarded 59,088 shares (ZAR10,999,822.08 value). Deferred Awards, linked to 2024 performance, will vest in three tranches. Charles Russon received 33,573 Deferred Award shares (ZAR6,249,949.68 value), and Deon Raju received 14,772 shares (ZAR2,749,955.52 value) in Deferred Awards. These transactions were executed off-market and are direct beneficial holdings.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
News Alerts
Get instant email alerts when ABSA GROUP LIMITED publishes news
Free account required • Unsubscribe anytime