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Paragon Banking Group PLC ( (GB:PAG) ) has shared an announcement.
Paragon Banking Group PLC has disclosed that chief executive Nigel Terrington and chief financial officer Richard Woodman have exercised nil-cost share options granted under the Paragon Performance Share Plan 2013, relating to awards made in December 2020 and now exercisable. Both executives sold portions of the resulting shares at £7.769388 to cover tax withholding obligations and retained the remaining shares, increasing their direct equity stakes and signalling continued alignment of management incentives with shareholder interests.
Terrington exercised 228,164 options, selling 102,876 shares and retaining 125,288, leaving him with a total holding of 1,511,186 shares in the bank. Woodman exercised 143,695 options, sold 67,669 shares and kept 76,026, taking his interest to 635,198 shares, transactions that underscore the ongoing operation of Paragon’s long-term incentive arrangements rather than a discretionary disposal of stock.
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 U.K.-based banking group listed on the London Stock Exchange. The company focuses on providing a range of financial services, including specialist lending and savings products, targeting both consumer and commercial markets.
Average Trading Volume: 469,989
Technical Sentiment Signal: Buy
Current Market Cap: £1.44B
For an in-depth examination of PAG stock, go to TipRanks’ Overview page.