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Santos Limited ( (AU:STO) ) just unveiled an update.
Santos has disclosed a change in managing director Kevin Gallagher’s interests following the allocation of 665,283 share acquisition rights under the company’s long-term incentive plan. The rights were granted at no cash cost after shareholder approval at the April annual meeting and increase Gallagher’s total share acquisition rights to more than 2.2 million, further tying his remuneration to future company performance.
The updated holding also confirms Gallagher’s existing indirect ownership of 2.7 million fully paid ordinary shares, alongside restricted shares tied to deferred short-term incentives for 2024 and 2025. The expanded equity exposure underscores Santos’ ongoing use of performance-based share plans as a core element of executive pay, reinforcing the alignment between leadership incentives and shareholder outcomes.
The most recent analyst rating on (AU:STO) stock is a Hold with a A$7.50 price target. To see the full list of analyst forecasts on Santos Limited stock, see the AU:STO Stock Forecast page.
More about Santos Limited
Santos Limited is an Australian oil and gas exploration and production company focused on supplying natural gas, LNG and related energy products to domestic and international markets. The company operates key upstream assets and uses equity-based incentives to align its executives’ interests with long-term shareholder value.
YTD Price Performance: 28.97%
Average Trading Volume: 17,453,664
Technical Sentiment Signal: Buy
Current Market Cap: A$25.24B
See more data about STO stock on TipRanks’ Stock Analysis page.