Forterra Executive Exercises Share Options

Forterra (GB:FORT) has released an update.

Forterra plc has disclosed that Darren Rix, a person with managerial responsibility, exercised 27,982 share options granted under the company’s 2020 Performance Share Plan, selling 13,198 of these to cover tax liabilities and retaining 14,784 shares. The Total Shareholder Return condition for these shares vested at 53.9%, with additional dividend equivalent shares awarded to participants. As a result, the Employee Benefit Trust will transfer the retained shares to management.

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