Energean PLC recently announced the notification of transactions of Persons Discharging Managerial Responsibilities (PDMRs) in relation to the 2024 grant of awards under the Company's Long-Term Incentive Plan. The Chief Executive Officer, Chief Financial Officer, CEO of Energean Israel, and CEO of Energean International were among those involved in the transactions.
Mathios Rigas, the Chief Executive Officer, was granted a conditional award over 140,871 shares under the Long-Term Incentive Plan. Panos Benos, the Chief Financial Officer, received a conditional award over 112,697 shares. Shaul Zemach, CEO of Energean Israel, was granted a conditional award over 25,354 shares, and Nicolas Katcharov, CEO of Energean International, received a conditional award over 25,802 shares.
The awards are subject to a performance period ending on 31 December 2026 and will be subject to a further two-year holding period. Additionally, the right to receive dividend equivalents as shares shall apply in respect of any future dividends with record dates occurring before the release date of awards granted under the Long-Term Incentive Plan.
The transactions took place outside a trading venue on 27th March 2024. This notification provides insight into the Company's Long-Term Incentive Plan and the involvement of key individuals in the organization.