Spark NZ director adjusts shareholding through incentive scheme

John Wesley-Smith, Spark NZ's strategy and regulatory director, executed three transactions on October 6, 2025, involving ordinary shares and options. These transactions stemmed from the Spark NZ Long Term Incentive (LTI) Scheme, resulting in a net change to his holdings.

The activity included the conversion of 1,148 options into 1,148 ordinary shares, contributing to his legal ownership. Simultaneously, 17,207 options lapsed, reducing his total option holdings. A portion of the newly acquired ordinary shares, specifically 454 shares, were disposed of on the market to cover tax liabilities.

Following these adjustments, Mr. Wesley-Smith now holds 152,618 options and 694 ordinary shares as a registered holder. Before these transactions, his holdings included 169,828 options and no ordinary shares from LTI conversions. His total relevant interest after these changes comprises 187,247 options and 694 ordinary shares.