Petrofac Executives’ Shareholdings Increase Post-Vesting

Petrofac (GB:PFC) has released an update.

Petrofac Limited has announced the vesting of shares awarded to directors under its Performance Share Plan and Deferred Bonus Plan, with a portion of shares lapsed and some sold to cover tax liabilities. The transactions, which occurred on October 1, 2024, resulted in an increase in the directors’ shareholdings, aligning with the company’s share retention guidelines. These moves reflect the company’s remuneration strategy and compliance with market regulations.

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