British Land Company plc (GB:BLND) has released an update.
British Land Company plc announced the vesting of conditional awards of Ordinary Shares under their Restricted Share Plan and Long-Term Incentive Plan, granted in June 2021. While the Restricted Share Plan awards vested in full without performance conditions, the Long-Term Incentive Plan awards vested at 40% due to partial satisfaction of performance conditions. Following the vesting, several Persons Discharging Managerial Responsibilities sold a portion of their shares while retaining the rest, with Executive Directors required to hold the retained shares for at least two years.
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