Elementis PLC's Chief Financial Officer (CFO) and Director, Ralph Hewins, has been granted a conditional share award under the Elementis Deferred Share Bonus Plan 2015. The award is structured as a nil-cost option over 138,015 shares with a vesting date of 8 March 2026 at a cost of nil pence per share. The transaction took place on 8 March 2024 and was disclosed in accordance with regulatory requirements.
This transaction is part of the company's compensation and incentive program for its managerial personnel. The award is designed to align the interests of the management with those of the shareholders and to incentivize long-term performance and value creation.
The notification provides transparency regarding the details of the transaction, including the nature of the award, the number of shares, the vesting date, and the cost per share. The disclosure aims to ensure compliance with regulatory obligations and to maintain transparency and accountability in the company's dealings.
The information was made public through the company's official channels, in this case, the Elementis PLC investor relations webpage. This demonstrates the company's commitment to keeping its stakeholders informed about significant developments, particularly those related to transactions involving persons discharging managerial responsibilities and persons closely associated with them.
Overall, the notification of the conditional share award to CFO Ralph Hewins underscores Elementis PLC's adherence to regulatory requirements and its commitment to transparent and accountable corporate governance practices.