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An update from Tower Limited ( (AU:TWR) ) is now available.
Blair McLaren Turnbull, the former CEO of Tower Limited, disclosed a significant increase in his holdings of the company’s ordinary shares. Through the vesting of share rights and issuance of new shares under Tower Limited’s Long-Term Incentive Plan, Turnbull’s shareholding rose from 253,030 to 1,381,168 ordinary shares. This transaction did not involve any cash consideration, as the shares were granted in recognition of Turnbull’s services as CEO. The disclosure highlights Tower Limited’s commitment to rewarding its executives through equity incentives, potentially impacting the company’s executive retention and alignment with shareholder interests.
More about Tower Limited
Tower Limited operates within the financial sector, focusing on insurance services. The company is listed on the New Zealand Stock Exchange (NZX) under the ticker TWR, and it is involved in providing a variety of insurance products to its clients.
YTD Price Performance: 12.61%
Average Trading Volume: 52,750
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$494.4M
Find detailed analytics on TWR stock on TipRanks’ Stock Analysis page.
