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Johnson Service CEO Increases Stake After Exercising LTIP Options

Story Highlights
  • CEO Peter Egan exercised 2023 LTIP nil-cost options, selling some shares to cover taxes and retaining 258,821 shares.
  • After transferring retained shares to his spouse, the Egans’ combined holding rose to 983,983 shares, about 0.26% of capital.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Johnson Service CEO Increases Stake After Exercising LTIP Options

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Johnson Service ( (GB:JSG) ) has shared an update.

Johnson Service Group PLC has disclosed a series of share transactions involving Chief Executive Peter Egan under its 2018 Long Term Incentive Plan, including the exercise of 487,934 nil-cost options granted in 2023. To meet tax and social security obligations, Egan sold 229,113 shares at an average price of 131 pence, retaining 258,821 shares from the award.

Following the option exercise, Egan allowed 25,641 related CSOP options to lapse and subsequently transferred the 258,821 retained shares to his wife, Caitriona Egan, a person closely associated under market rules. As a result of these moves, the combined beneficial holding of Peter and Caitriona Egan in Johnson Service Group has risen to 983,983 ordinary shares, representing about 0.26% of the company’s issued share capital and underscoring increased executive equity alignment with shareholders.

The most recent analyst rating on (GB:JSG) stock is a Hold with a £140.00 price target. To see the full list of analyst forecasts on Johnson Service stock, see the GB:JSG Stock Forecast page.

Spark’s Take on JSG Stock

According to Spark, TipRanks’ AI Analyst, JSG is a Neutral.

The score is driven primarily by improved financial performance and a constructive earnings update (margin progress, buyback, and medium-term margin target), offset by weak technical momentum (below key moving averages with bearish indicators) and financial risks from higher leverage and free-cash-flow volatility. Valuation and dividend yield provide additional support.

To see Spark’s full report on JSG stock, click here.

More about Johnson Service

Johnson Service Group PLC is a U.K.-listed company operating in the business services sector, best known for its workwear, textile rental, and associated services to corporate and institutional customers. The group focuses on long-term customer contracts and uses share-based incentive schemes to align senior management with shareholder value over time.

Average Trading Volume: 1,146,464

Technical Sentiment Signal: Buy

Current Market Cap: £500.9M

Find detailed analytics on JSG stock on TipRanks’ Stock Analysis page.

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