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Legal & General Discloses Vesting of CEO António Simões’ Recruitment Share Award

Story Highlights
  • Legal & General reported the vesting of a recruitment-related share award to CEO António Simões, granted to replace forfeited incentives.
  • From the 100,647 vested shares, 47,433 were sold to cover tax and national insurance, with 53,214 retained, in a transaction disclosed under UK rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Legal & General Discloses Vesting of CEO António Simões’ Recruitment Share Award

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Legal & General ( (GB:LGEN) ) has issued an update.

Legal & General has confirmed the vesting of part of a one-off recruitment-related share award granted to Group Chief Executive Officer António Simões, compensating him for incentive awards forfeited on leaving his previous employer. Under a plan structured on terms equivalent to the company’s Share Bonus Plan, 85,256 shares from a larger conditional award of 1,229,642 shares vested on 31 December 2025, with dividend equivalents delivered as additional shares, and 47,433 of the resulting 100,647 shares sold to cover tax and national insurance obligations while 53,214 shares were retained; the transaction, carried out on the London Stock Exchange at £2.616789 per share for the sale portion, is disclosed under UK Market Abuse Regulation and underscores the group’s adherence to best practice governance in executive remuneration.

The most recent analyst rating on (GB:LGEN) stock is a Buy with a £3.40 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.

Spark’s Take on GB:LGEN Stock

According to Spark, TipRanks’ AI Analyst, GB:LGEN is a Neutral.

Legal & General’s overall stock score reflects a mix of financial challenges and positive market sentiment. The company’s financial performance is a concern due to declining revenues and cash flow issues. However, technical indicators show bullish momentum, and corporate events suggest confidence in future growth. The high P/E ratio indicates overvaluation, but the attractive dividend yield provides some balance.

To see Spark’s full report on GB:LGEN stock, click here.

More about Legal & General

Legal & General Group Plc is a UK-based financial services group operating primarily in insurance, retirement solutions, asset management and investment products, with its shares listed on the London Stock Exchange. The group focuses on long-term savings, protection and investment management for individual and institutional clients, and is a constituent of the UK’s blue-chip corporate sector.

Average Trading Volume: 19,892,130

Technical Sentiment Signal: Buy

Current Market Cap: £14.74B

For an in-depth examination of LGEN stock, go to TipRanks’ Overview page.

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