FirstGroup PLC has announced the granting of conditional share awards under its Executive Annual Bonus Plan (EABP) and Long-Term Incentive Plan (LTIP) to its directors. The EABP awards, which will vest on the third anniversary of the date of award, were granted to Chief Executive Officer Graham Sutherland (242,343 shares) and Chief Financial Officer Ryan Mangold (203,286 shares). The LTIP awards, subject to performance conditions and continued employment, were given to Sutherland (715,048 shares) and Mangold (524,893 shares), with an additional holding period of 2 years from the vesting date.
The notification is in accordance with Article 19 of the Market Abuse Regulation. The transactions involved the grant of conditional share awards under EABP and LTIP, with no monetary value attached. The transactions took place outside a trading venue on 12 June 2024.
This disclosure provides insight into the company's commitment to incentivizing and rewarding its key management personnel, aligning their interests with the long-term performance and success of FirstGroup PLC.