Coats Group plc ( (GB:COA) ) has provided an announcement.
Coats Group plc announced that its Chief Financial Officer, Jacqueline Callaway, exercised nil-cost options over 1,000,328 ordinary shares as part of the company’s Long-Term Incentive Plan. Following this transaction, Callaway sold 472,040 shares to cover tax liabilities and retained 528,288 shares, which will remain subject to a two-year post-vesting holding period. This move reflects the company’s ongoing commitment to aligning executive compensation with long-term performance goals, potentially impacting its financial strategy and shareholder value.
More about Coats Group plc
Coats Group plc operates in the textile industry, specializing in the production of industrial threads and consumer textiles. The company focuses on providing high-quality thread solutions for various sectors including apparel, footwear, and performance materials, with a significant market presence globally.
YTD Price Performance: -11.02%
Average Trading Volume: 2,322,099
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.34B
See more insights into COA stock on TipRanks’ Stock Analysis page.