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Stelrad Group Plc ( (GB:SRAD) ) has issued an announcement.
Stelrad Group plc disclosed that deferred share awards granted in 2024 to executive directors under its Deferred Share Bonus Plan vested on 18 March 2026 and were settled in cash, based on the prevailing market price of £1.28 per share. Chief executive Trevor Harvey’s award, equivalent to 63,554 shares, resulted in a gross value of £81,349.12 and a net cash payment of £44,742.02 after tax.
In a move that avoids any new share issuance or dilution, Harvey agreed that 34,954 Stelrad shares he already holds will substitute for shares otherwise deliverable under the plan, with those shares remaining subject to malus, clawback and shareholding requirements. The disclosure, made under UK Market Abuse Regulation, underscores Stelrad’s adherence to its directors’ remuneration policy and reinforces alignment between management incentives and shareholder interests.
The most recent analyst rating on (GB:SRAD) stock is a Hold with a £129.00 price target. To see the full list of analyst forecasts on Stelrad Group Plc stock, see the GB:SRAD Stock Forecast page.
Spark’s Take on SRAD Stock
According to Spark, TipRanks’ AI Analyst, SRAD is a Neutral.
The score is primarily supported by improving financial resilience (sharp deleveraging) and solid, positive free cash flow. Offsetting this are weak earnings quality in 2025 (net income compression) and bearish technicals with the stock trading below key moving averages and negative MACD; valuation is mixed with a high dividend yield but a negative P/E.
To see Spark’s full report on SRAD stock, click here.
More about Stelrad Group Plc
Stelrad Group plc is a UK-listed manufacturer of heating products, best known for its radiators and related components. The company serves residential and commercial markets, focusing on Europe and the UK, and operates as a mid-cap industrial player on the London Stock Exchange under the ticker SRAD.
Average Trading Volume: 44,682
Technical Sentiment Signal: Sell
Current Market Cap: £154.1M
For an in-depth examination of SRAD stock, go to TipRanks’ Overview page.