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An announcement from COG Financial Services Limited ( (AU:COG) ) is now available.
COG Financial Services Limited announced the results of its Long Term Incentive Plan assessment for CEO Andrew Bennett. The company evaluated the vesting of performance rights allocated in FY23, which were contingent on employment and achieving a normalised earnings per share (EPS) Compound Annual Growth Rate (CAGR) by June 2025. While Mr. Bennett met the employment condition, the company did not meet the EPS CAGR targets, resulting in the lapse of most performance rights. However, 40% of Tranche 3 performance rights vested and converted into shares. This outcome reflects the company’s performance challenges and impacts executive compensation.
The most recent analyst rating on (AU:COG) stock is a Buy with a A$2.14 price target. To see the full list of analyst forecasts on COG Financial Services Limited stock, see the AU:COG Stock Forecast page.
More about COG Financial Services Limited
COG Financial Services Limited operates in the financial services industry, focusing on providing financial solutions and services. The company is listed on the Australian Securities Exchange (ASX) and engages in offering products such as performance rights and long-term incentive plans to its executives.
Average Trading Volume: 257,325
Technical Sentiment Signal: Buy
Current Market Cap: A$403.7M
Learn more about COG stock on TipRanks’ Stock Analysis page.