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Restore executives boost holdings through LTIP share option exercise

Story Highlights
  • Restore’s CEO and CFO exercised vested nil-cost LTIP share options, increasing their beneficial holdings through shares transferred from the company’s employee benefit trust.
  • The company used a net settlement to meet tax obligations, withholding part of the awarded shares and leaving executives with larger stakes that align their interests with shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Restore executives boost holdings through LTIP share option exercise

Meet Samuel – Your Personal Investing Prophet

An update from Restore ( (GB:RST) ) is now available.

Restore plc has disclosed that Chief Executive Officer Charles Skinner and Chief Financial Officer Dan Baker have exercised nil-cost options over 223,531 and 105,275 ordinary shares respectively under the company’s Long Term Incentive Plan granted in November 2023. The options, which vested following performance criteria, were settled using shares held by the company’s employee benefit trust, reflecting ongoing use of equity-based incentives for senior leadership.

To cover associated tax liabilities, Restore implemented a net settlement arrangement under which a portion of the shares due to both executives was withheld and the equivalent value remitted to HMRC. Following the transactions, Skinner’s beneficial holding rises to 1,819,932 shares and Baker’s to 182,795 shares, underscoring aligned management interests with shareholders and signaling confidence in the company’s long-term prospects.

The most recent analyst rating on (GB:RST) stock is a Buy with a £307.00 price target. To see the full list of analyst forecasts on Restore stock, see the GB:RST Stock Forecast page.

Spark’s Take on RST Stock

According to Spark, TipRanks’ AI Analyst, RST is a Neutral.

The score is primarily held back by inconsistent profitability/margin pressure and moderate-to-high leverage, despite consistently positive cash generation. Technical indicators are neutral-to-mixed without strong momentum support. Valuation is the biggest drag due to the extremely high P/E, only modestly offset by the dividend yield.

To see Spark’s full report on RST stock, click here.

More about Restore

Restore plc is a UK-based provider of secure and sustainable business services focused on managing data, information, communications and physical assets. Listed on AIM under the ticker RST, the company operates in business support and records management, positioning itself as a key partner for organizations seeking secure handling and lifecycle management of corporate information and assets.

Average Trading Volume: 474,239

Technical Sentiment Signal: Buy

Current Market Cap: £361M

See more insights into RST stock on TipRanks’ Stock Analysis page.

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