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IperionX Director Restructures Equity Incentives as Performance Securities Lapse

Story Highlights
  • IperionX director Todd Hannigan has restructured his equity holdings after the lapse of certain performance-related securities.
  • The lapse and conversion of performance shares and options into one ordinary share increased Hannigan’s direct shareholding without any market trade or cash consideration.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
IperionX Director Restructures Equity Incentives as Performance Securities Lapse

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Iperionx Limited ( (AU:IPX) ) has shared an announcement.

IperionX Limited has reported a change in the securities held by director Todd Hannigan, detailing adjustments to his direct and indirect interests in the company’s shares and equity instruments. The filing shows the lapse of 1,260,000 unlisted Class B performance shares and 560,000 A$0.20 performance options, which converted into a single fully paid ordinary share, leaving Hannigan with an increased total of 25,243,776 ordinary shares while his performance share and option holdings were removed; the change was recorded as having no consideration and did not involve trading during a closed period, signalling an internal restructuring of his incentive-based holdings rather than a market transaction.

The most recent analyst rating on (AU:IPX) stock is a Buy with a A$9.90 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

IperionX Limited is an ASX-listed company; the filing does not describe its industry, products, or services, and the company background is not specified in this notice.

Average Trading Volume: 1,548,919

Technical Sentiment Signal: Hold

Current Market Cap: A$1.69B

For a thorough assessment of IPX stock, go to TipRanks’ Stock Analysis page.

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