Nexteer Automotive Group (HK:1316) has released an update.
Nexteer Automotive Group has introduced a Value Creation Plan to incentivize senior management through cash-settled Performance and Restricted Units tied to the company’s performance and share price. This new plan aims to align managerial interests with the company’s success and enhance its ability to attract and retain top talent. The Performance Units will be based on Total Shareholder Return over a three-year period, while Restricted Units will vest based on continued service and share price over the same timeframe.
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