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Santos Limited ( (AU:STO) ) has shared an announcement.
Santos Limited has reported a change in the indirect interests of its Managing Director and CEO, Kevin Gallagher, following the release of previously restricted shares awarded under the company’s short-term incentive plan. On 1 January 2026, 146,253 fully paid ordinary shares held on his behalf by the employee share plan trustee became unrestricted at the end of a two‑year restriction period tied to his 2023 deferred short-term incentive, and were transferred to him for no consideration, increasing his total indirect shareholding while leaving his share acquisition rights and other restricted shares unchanged. The move reflects ongoing alignment of executive remuneration with shareholder interests but does not involve any new cash outlay by the company or an on-market share transaction.
The most recent analyst rating on (AU:STO) stock is a Buy with a A$7.25 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 energy company focused on the exploration, production and marketing of oil and natural gas. It operates across key domestic and regional markets, supplying gas to industrial, commercial and power generation customers, and holds a significant position in Australia’s upstream energy sector.
Average Trading Volume: 9,018,467
Technical Sentiment Signal: Sell
Current Market Cap: A$19.93B
For a thorough assessment of STO stock, go to TipRanks’ Stock Analysis page.