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Genesis Energy Limited ( (DE:1G6) ) has provided an update.
Genesis Energy Limited has announced the issuance of 744,536 restricted share rights (RSRs) as part of its Equity Incentive Plan, aimed at rewarding and retaining its CEO, Malcolm Johns. These RSRs, which convert to ordinary shares upon meeting certain vesting conditions, represent 0.06% of the company’s total ordinary shares. The vesting is contingent on the CEO’s continued employment and performance, with vesting dates set for June 2028 and June 2029. This move underscores the company’s strategy to align executive compensation with long-term performance and succession planning.
More about Genesis Energy Limited
Genesis Energy Limited operates in the energy sector, focusing on providing electricity and gas services. The company is known for its commitment to sustainable energy solutions and serves a diverse market, including residential, commercial, and industrial customers.
See more data about 1G6 stock on TipRanks’ Stock Analysis page.