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NZME ( (NZMEF) ) has issued an announcement.
NZME Limited has reported changes to the equity interests of its former chief financial officer, David Wylie Mackrell, following the exercise and cancellation of various share-based incentives. Mackrell received 59,381 ordinary shares in NZME at no cash consideration through the automatic exercise of short-term incentive share rights under the company’s 2024 Total Incentive Plan, increasing his holding of ordinary shares to 713,285, while long-term incentive performance share rights under the 2024 and 2025 plans, totalling 337,051 rights, were cancelled and will not convert into shares, reflecting the ongoing adjustment of NZME’s executive remuneration and incentive structures after his departure from the CFO role.
More about NZME
NZME Limited is a New Zealand-based media company listed on the NZX, primarily engaged in publishing, radio broadcasting and digital media services targeting the New Zealand market. The company operates a portfolio of news, entertainment and information platforms, monetising its audience through advertising, subscriptions and related commercial partnerships.
Learn more about NZMEF stock on TipRanks’ Stock Analysis page.