IG Grants £6.9 Million Share Awards to CEO and CFO Linked to Revenue and EPS Targets

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IG Group Holdings has granted long-term share option awards to seniorexecutives, including chief executive officer Breon Corcoran and chieffinancial officer Clifford Abrahams. The awards were disclosed in a regulatoryfiling under the UK Market Abuse Regulation.SingaporeSummit: Meet the largest APAC brokers you know (and those you still don't!).Based on the grant-date share price of £14.377, the awards have anotional value of about £6.87 million. This includes roughly £6.53 million for454,000 long-term incentive plan options and around £0.34 million for 23,753deferred bonus shares. The final value will depend on performance conditionsand the share price at the time of vesting or exercise.ExecutiveShare Awards Linked to PerformanceThe grants form part of the firm’s Long Term Incentive Plan and AnnualBonus Plan. They were issued as share options with a nominal exercise price of0.005 pence per share.Under the LTIP, Corcoran received a larger allocation than Abrahams. Bothexecutives were also granted deferred shares linked to annual bonus outcomesfor the previous financial year.The LTIP awards are subject to performance conditions measured over athree-year period starting in 2026. Vesting depends on two equally weightedmetrics: group revenue and earnings per share.OptionsExercisable Ten Years After VestingRevenue targets range from £1.226 billion at the lower threshold to£1.513 billion for full vesting. Earnings per share targets range from 127p to166p over the same period. Once vested, the options remain exercisable for up to ten years fromgrant.The Annual Bonus Plan awards follow the same deferred structure and aresubject to the same malus and clawback provisions. These allow the firm toreduce or reclaim awards under certain conditions, in line with itsshareholder-approved remuneration policy adopted in 2025.This article was written by Tareq Sikder at www.financemagnates.com.