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Horizon Oil Limited ( (AU:HZN) ) has provided an announcement.
Horizon Oil has reported a change in the interests of director Richard Beament following an adjustment to his equity-based incentives. Beament and his related party continue to hold a substantial stake in the company, including ordinary shares and a growing pool of performance rights that link his remuneration to shareholder returns.
The director received additional deferred short-term incentive rights and long-term performance rights at no cash cost, triggered by an adjustment under the company’s incentive plan rules following the declaration of a 2026 interim unfranked dividend. The move modestly increases Beament’s exposure to Horizon Oil’s future performance, further aligning his interests with those of investors as dividends are paid and incentive plans are recalibrated.
More about Horizon Oil Limited
Horizon Oil Limited is an energy company focused on the exploration and production of oil and gas. The company is listed on the ASX and its shareholder base includes directors and related parties who hold ordinary shares as well as performance-based equity rights aligned with long-term incentive plans.
Average Trading Volume: 3,281,905
Technical Sentiment Signal: Buy
Current Market Cap: A$390.6M
Learn more about HZN stock on TipRanks’ Stock Analysis page.