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Paragon Banking Grants New LTIP Awards and Restructures Executive Shareholdings

Story Highlights
  • Paragon Banking granted new nil-cost LTIP share options to its CEO and CFO, vesting over three years with staged exercises and holding periods.
  • After shareholders approved a revised pay policy, the CEO and CFO made previously restricted shares transferable, gifting stakes to spouses while retaining large holdings.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Paragon Banking Grants New LTIP Awards and Restructures Executive Shareholdings

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Paragon Banking Group PLC ( (GB:PAG) ) just unveiled an update.

Paragon Banking Group has granted long-term incentive plan awards in the form of nil-cost options to chief executive Nigel Terrington and chief financial officer Richard Woodman under its 2023 Paragon Performance Share Plan. The awards, based on a reference share price of £7.996, will vest over a three-year performance period to 30 September 2028 and become exercisable in staged tranches with post-vesting holding requirements.

The move follows shareholder approval of the group’s updated remuneration policy at its annual general meeting on 4 March 2026, which also made previously awarded salary-in-shares holdings fully transferable. As a result, Terrington transferred 44,584 shares and Woodman 28,228 shares to their spouses, while retaining interests of 1,385,898 and 559,172 shares respectively, underscoring continued alignment of top executives’ wealth with Paragon’s equity performance.

The most recent analyst rating on (GB:PAG) stock is a Buy with a £1050.00 price target. To see the full list of analyst forecasts on Paragon Banking Group PLC stock, see the GB:PAG Stock Forecast page.

Spark’s Take on GB:PAG Stock

According to Spark, TipRanks’ AI Analyst, GB:PAG is a Neutral.

Overall score reflects attractive valuation (low P/E and high dividend yield) and supportive technical positioning above major moving averages. These positives are tempered by financial risks from rising leverage and notable volatility in revenue and cash flow, which reduce confidence in the stability of recent performance.

To see Spark’s full report on GB:PAG stock, click here.

More about Paragon Banking Group PLC

Paragon Banking Group PLC is a UK-based banking group focused on specialist lending and savings products. It operates in retail and commercial finance markets, providing mortgages, loans and deposit accounts, with a particular emphasis on performance-linked remuneration for senior management aligned to shareholder interests.

Average Trading Volume: 484,355

Technical Sentiment Signal: Buy

Current Market Cap: £1.52B

Learn more about PAG stock on TipRanks’ Stock Analysis page.

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