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MA Financial adjusts director Biggins’ shareholding after incentive performance test

Story Highlights
  • Director Julian Biggins forfeited loan funded shares and gained vested restricted shares under MA Financial’s incentive plan.
  • Biggins’ relevant shareholding decreased slightly, while his larger beneficial interest via Pre-IPO trusts remains unchanged.
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MA Financial adjusts director Biggins’ shareholding after incentive performance test

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MA Financial Group Limited ( (AU:MAF) ) has shared an announcement.

MA Financial Group has disclosed a change in director Julian Biggins’ interest in the company’s securities following the operation of its Long-Term Incentive Plan. Due to certain performance conditions not being met, 121,056 loan funded shares held by Biggins were forfeited on 3 March 2026, while a tranche of restricted shares vested into ordinary shares in his name.

After the adjustment, Biggins’ relevant interest in ordinary shares decreased from 2,738,915 to 2,617,859, including 82,251 ordinary shares now held directly as a result of the vesting. Separately, he maintains a beneficial equity interest in 4,815,167 shares via two Pre-IPO Ownership Trusts, which does not confer a relevant interest in the company’s securities, indicating no change to underlying long-term exposure for broader stakeholders.

The most recent analyst rating on (AU:MAF) stock is a Hold with a A$8.00 price target. To see the full list of analyst forecasts on MA Financial Group Limited stock, see the AU:MAF Stock Forecast page.

More about MA Financial Group Limited

MA Financial Group Limited is a diversified financial services firm operating in investment management, corporate advisory and lending activities. The company serves institutional, corporate and high-net-worth clients, with a focus on capital markets, alternative assets and structured financing solutions in the Australian and broader Asia-Pacific region.

Average Trading Volume: 385,854

Technical Sentiment Signal: Buy

Current Market Cap: A$1.42B

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

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