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Gentrack Group Ltd ( (AU:GTK) ) just unveiled an update.
Gentrack Group Ltd announced that 1,503,330 ordinary shares were vested and issued to CEO Gary Miles as part of his remuneration package under the company’s 2022 CEO Award and the 2023 Senior Management LTI Scheme. To cover the tax liability triggered by this issuance, 751,665 shares were sold on the market. Mr. Miles retains 2,523,330 vested shares in the company. This transaction reflects Gentrack’s ongoing commitment to aligning management incentives with company performance, potentially impacting shareholder value and market perception.
The most recent analyst rating on (AU:GTK) stock is a Buy with a A$10.00 price target. To see the full list of analyst forecasts on Gentrack Group Ltd stock, see the AU:GTK Stock Forecast page.
More about Gentrack Group Ltd
Gentrack Group Ltd is a company that partners with leading utilities worldwide, focusing on transforming the energy and water sectors to meet business and sustainability targets. With over 35 years of experience, Gentrack serves more than 60 energy and water companies, offering solutions like g2.0, which is an end-to-end product-to-profit solution developed in collaboration with Salesforce and AWS. This solution utilizes low code/no code and composable technology to help utilities launch new propositions quickly and reduce costs.
Average Trading Volume: 271,256
Technical Sentiment Signal: Sell
Current Market Cap: A$904.5M
See more data about GTK stock on TipRanks’ Stock Analysis page.