The latest update is out from Petrofac ( (GB:PFC) ).
Petrofac Limited announced that its Group Chief Executive, Tareq Kawash, received 357,398 ordinary shares at no cost as part of the Petrofac Deferred Bonus Plan, with half of these shares vesting automatically. Kawash now holds 378,270 shares, representing 0.071% of the company’s total voting rights, with a portion of the shares sold to cover tax liabilities. This transaction highlights the company’s ongoing commitment to aligning executive compensation with shareholder interests and maintaining transparency in managerial transactions.
More about Petrofac
Petrofac Limited is a company operating in the oilfield services industry, providing engineering, procurement, construction, and production services to the energy sector. The company focuses on delivering solutions to the oil and gas industry, with a market presence that spans across various regions.
YTD Price Performance: -21.76%
Average Trading Volume: 2,472,642
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £35.59M
For a thorough assessment of PFC stock, go to TipRanks’ Stock Analysis page.