Burberry (GB:BRBY) has released an update.
Burberry Group PLC has granted conditional share awards to its CEO Joshua Schulman and CFO Kate Ferry as part of its Share Plan 2020, with Schulman receiving 212,531 shares and Ferry 110,353 shares, based on a share price calculated from the 20-day average prior to the company’s first-quarter update. These awards are set to vest in 2027 and come with a two-year holding period post-vesting, ensuring a minimum of five years before any shares can be sold, subject to continued employment and meeting certain performance criteria related to revenue, return on invested capital, and sustainability strategies.
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