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Iperionx Limited ( (AU:IPX) ) has provided an update.
IperionX Limited has disclosed a change in the equity interests held by director Todd Hannigan, following the vesting of part of his share-based remuneration. The director converted 159,333 restricted stock units into an equivalent number of ordinary shares at no cash consideration after satisfying service-based vesting conditions, increasing his direct and indirect holding to 25,403,109 shares while reducing his unvested RSUs to 454,464. The transaction, which did not occur during a closed trading period, reflects ongoing alignment of the director’s remuneration structure with shareholder interests but does not alter the company’s overall capital structure in a material way.
The most recent analyst rating on (AU:IPX) stock is a Hold with a A$7.50 price target. To see the full list of analyst forecasts on Iperionx Limited stock, see the AU:IPX Stock Forecast page.
More about Iperionx Limited
Average Trading Volume: 1,335,849
Technical Sentiment Signal: Buy
Current Market Cap: A$2.47B
See more data about IPX stock on TipRanks’ Stock Analysis page.