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Nextdc Limited ( (AU:NXT) ) has issued an update.
NEXTDC Limited has disclosed a change in the interests of Chief Executive and Managing Director Craig Scroggie, detailing adjustments to his holdings of performance rights in the company. The filing, made under ASX listing rules, records movements in equity incentives held both directly and through his superannuation fund trustee entity.
The notice shows that while 216,053 performance rights previously allocated under the company’s Long Term Incentive Plan were disposed of, Scroggie’s overall performance rights balance increased to 4,496,690, alongside 435,511 fully paid ordinary shares. The changes stem from adjustments under NEXTDC’s long-term and growth incentive structures, highlighting ongoing alignment of executive remuneration with shareholder interests rather than on-market trading activity.
The most recent analyst rating on (AU:NXT) stock is a Buy with a A$19.00 price target. To see the full list of analyst forecasts on Nextdc Limited stock, see the AU:NXT Stock Forecast page.
More about Nextdc Limited
NEXTDC Limited is an Australian data centre operator that develops and manages colocation facilities and related digital infrastructure. The company provides high-availability data centre capacity and connectivity services to enterprise and government customers, supporting cloud, hybrid IT and mission-critical workloads across its national network.
Average Trading Volume: 2,076,796
Technical Sentiment Signal: Sell
Current Market Cap: A$8.51B
See more data about NXT stock on TipRanks’ Stock Analysis page.