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EROAD ( (ERDLF) ) just unveiled an update.
EROAD has detailed the operation of its Directors’ Fixed Trading Plan, under which directors must allocate half of their after-tax remuneration to the on-market purchase of EROAD shares and receive the remaining half in cash. The company has released new disclosure notices covering trades executed under this plan, noting that purchases are carried out quarterly by an independent broker, shares must be held through directors’ tenure and beyond, and further information on director pay structures will be provided in its FY26 Remuneration Report.
The latest disclosure includes an update on executive director John Scott’s holdings, which have increased through acquisitions of ordinary shares under the trading plan. By mandating a significant equity component in director remuneration and enforcing long holding periods, EROAD aims to better align board incentives with shareholder interests and to enhance transparency in governance practices for investors across its NZX and ASX listings.
More about EROAD
EROAD Limited is a hardware-enabled SaaS company that provides safety, compliance, sustainability and efficiency solutions for complex vehicle fleets. Its connected telematics platform serves commercial and government operators in New Zealand, Australia and North America, with a focus on highly regulated operations such as food, concrete and aggregate transport, building on its roots in GPS-based road user charging in New Zealand.
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