tiprankstipranks
Advertisement
Advertisement

iTech Minerals Director Sees 1.25 Million Performance Rights Lapse on Unmet Vesting Conditions

Story Highlights
  • iTech Minerals director Michael Schwarz had 1.25 million performance rights lapse after vesting conditions were not met.
  • Despite the lapse, Schwarz retains his existing shareholdings and 2 million remaining performance rights through related entities.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
iTech Minerals Director Sees 1.25 Million Performance Rights Lapse on Unmet Vesting Conditions

Claim 55% Off TipRanks

An announcement from ITech Minerals LTD ( (AU:ITM) ) is now available.

iTech Minerals Ltd has disclosed a change in director Michael Schwarz’s interests, noting the lapse of 1.25 million unquoted performance rights held indirectly through a family trust after vesting conditions were not met. Following this change, Schwarz’s indirect holdings remain significant, with no shares acquired or disposed and 2 million performance rights still held, indicating an adjustment to his performance-based incentive structure without affecting his current shareholding base.

The most recent analyst rating on (AU:ITM) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on ITech Minerals LTD stock, see the AU:ITM Stock Forecast page.

More about ITech Minerals LTD

iTech Minerals Ltd is an Australian-listed resources company. While this notice does not detail its operations, the company is part of the mining and exploration sector and is listed on the ASX, with securities including fully paid ordinary shares and unquoted performance rights with share price-based vesting criteria held by its directors and related entities.

Average Trading Volume: 1,347,971

Technical Sentiment Signal: Sell

Current Market Cap: A$12.9M

See more data about ITM stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1