QBE Discloses Lapse of Director Andrew Horton’s Incentive Rights

QBE Insurance Group Limited ( (AU:QBE) ) has issued an announcement.

QBE Insurance Group has reported a change in the security holdings of its director, Andrew Horton, reflecting adjustments to his incentive-related interests. The filing details the lapse of a portion of his unlisted conditional rights under the company’s long-term incentive plan, along with a reduction in associated notional bonus share rights, while his and his spouse’s ordinary shareholdings remain unchanged.

The lapsed rights comprise 25,149 long-term incentive plan rights and 3,075 accrued notional bonus share rights, resulting in a lower number of unlisted conditional rights held directly by Horton. This update provides transparency to investors on executive equity incentives and signals the routine operation of QBE’s remuneration and long-term incentive structures rather than a change in the director’s ordinary equity exposure to the company.

The most recent analyst rating on (AU:QBE) stock is a Buy with a A$24.60 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.

More about QBE Insurance Group Limited

QBE Insurance Group Limited is a global insurance and reinsurance company headquartered in Australia. It provides a broad range of general insurance products, including property, casualty, and specialty lines, serving corporate, institutional, and retail clients across multiple international markets.

Average Trading Volume: 3,102,012

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$32.93B

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