Absa CEO Fihla granted ZAR97m in share incentives

Absa Group Limited announced the award of ordinary shares to its chief executive officer and executive director, Kenny Fihla, through various share incentive plans. These awards, totaling over ZAR97 million, are designed to incentivize long-term performance and retain key leadership.

The awards comprise three main categories. First, a Share Incentive Plan (SIP) long-term performance award, consisting of 107,434 shares, has an on-target value of ZAR19,999,913.44 at the grant date of September 1, 2025. This award vests around the third anniversary of the grant date, subject to financial and non-financial performance targets.

Second, a SIP deferred award for a short-term incentive, totaling 79,357 shares, is valued at ZAR14,773,099.12 and vests in three equal tranches. Finally, a significant SIP buyout award, totaling 364,272 shares with a value of ZAR62,960,772.48, was granted in relation to Fihla’s appointment as CEO.

These buyout awards vest on various scheduled dates between April 2026 and September 2027. All transactions were executed off-market with direct beneficial ownership, and clearance to deal was obtained.