Filtronic PLC has announced the grant of new share options to its Chief Financial Officer, Michael Tyerman, under the existing Filtronic PLC Employee Share Option Plan 2020. The vesting of these options is contingent upon achieving certain performance criteria related to share price growth and adjusted EBITDA over a three-year period. The exercise price for the options is set at 17.25 pence per share, which was the company's closing mid-market share price on November 29, 2023. The options will lapse on the tenth anniversary of the grant date and cannot be exercised before the third anniversary. Tyerman's resultant ESOP holdings will be 2,150,000 shares. The timing of the grant award is determined by the Remuneration Committee based on previous share option issuances to directors and employees.