RHI Magnesita CEO Exercises Share Options

RHI Magnesita NV (GB:RHIM) has released an update.

RHI Magnesita N.V. reported that their Chief Executive Officer, Stefan Borgas, has exercised options for 3,663 ordinary shares under the company’s Long Term Incentive Plan, with the shares to be held until March 2026. These shares, which vested based on performance conditions detailed in the 2023 Remuneration Report, were transferred from the company’s treasury as no consideration was payable. This corporate action underscores the company’s commitment to its LTIP and reflects the confidence of its management in its future prospects.

For further insights into GB:RHIM stock, check out TipRanks’ Stock Analysis page.