IRES REIT Grants Performance-Linked Share Awards and Discloses Executive Share Purchases

Irish Residential Properties REIT ( (GB:0QT8) ) has issued an announcement.

Irish Residential Properties REIT has granted significant conditional share awards to senior executives under its 2024 Long Term Incentive Plan, including 608,180 shares to CEO Eddie Byrne, 360,403 shares to CFO Brian Fagan and 73,976 shares to company secretary and general counsel Anna-Marie Curry. The awards, valued using a VWAP of €1.086 and vesting over a three-year period to end-2028, are contingent on meeting demanding performance targets, aligning leadership remuneration more closely with long-term shareholder returns and signaling the company’s continued emphasis on performance-linked incentives.

Separately, Byrne and Fagan have each acquired beneficial interests in ordinary shares through market transactions on Euronext Dublin, with Byrne purchasing 121,523 shares at an average price of €1.09 per share, underscoring management’s direct equity exposure. These disclosures, made under EU Market Abuse Regulation, provide investors with transparency around executive compensation structures and insider dealings at a time when governance and pay alignment remain central issues for REIT stakeholders.

More about Irish Residential Properties REIT

Irish Residential Properties REIT plc is a real estate investment trust focused on the Irish residential rental market. The company owns and manages portfolios of ordinary shares-linked interests in residential properties, providing rental housing and operating within the regulated framework of Euronext Dublin and EU market abuse rules.

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