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Megaport ( (AU:MP1) ) has issued an update.
Megaport disclosed a change in director Michael Reid’s indirect interests following the exercise of performance-related equity awards. Through Aion Perpetual Pty Ltd as trustee for Aion Perpetual Trust, Reid converted 112,739 short-term incentive performance restricted stock units into fully paid ordinary shares at no cash consideration.
Following the transaction, Reid’s indirect holding increased to 335,341 Megaport shares, while his remaining 1,648,669 performance restricted stock units are scheduled to vest in stages between 2026 and 2028. The move reflects the ongoing alignment of executive remuneration with long-term company performance and provides investors with greater transparency on insider equity positions.
The most recent analyst rating on (AU:MP1) stock is a Buy with a A$9.00 price target. To see the full list of analyst forecasts on Megaport stock, see the AU:MP1 Stock Forecast page.
More about Megaport
Megaport Limited is a network-as-a-service provider that facilitates scalable, on-demand connectivity for enterprises and service providers. The company focuses on virtual interconnection services that link customers to cloud, network, and data centre partners across global markets.
Average Trading Volume: 915,936
Technical Sentiment Signal: Sell
Current Market Cap: A$1.31B
See more insights into MP1 stock on TipRanks’ Stock Analysis page.