Tourism Holdings CFO Increases Shareholding via Long-Term Incentive Exercise

Tourism Holdings Limited ( (AU:THL) ) has provided an announcement.

Tourism Holdings Limited has disclosed a change in Chief Financial Officer Oliver Farnsworth’s relevant interests following the exercise of options under the company’s 2017 Long Term Incentive Scheme. Farnsworth converted 33,334 unlisted LTI options into ordinary shares, increasing his holding from 5,000 to 38,334 ordinary shares, while his unlisted LTI options decreased from 1,377,334 to 1,344,000.

The shares were issued for nil cash consideration as part of the incentive programme, and the transaction did not occur during a trading black-out period. Following the transaction, Farnsworth also retains 25,224 retention share options, underscoring the company’s continued use of equity-based incentives to retain key executives and align management with the company’s long-term performance.

The most recent analyst rating on (AU:THL) stock is a Buy with a A$3.29 price target. To see the full list of analyst forecasts on Tourism Holdings Limited stock, see the AU:THL Stock Forecast page.

More about Tourism Holdings Limited

Tourism Holdings Limited is a New Zealand-listed company operating in the tourism and leisure vehicle sector, with a focus on motorhome and rental fleet services. It utilises long-term incentive and retention share option schemes to align senior management interests with shareholder value and support its market position in the travel and tourism industry.

Average Trading Volume: 11,320

Technical Sentiment Signal: Sell

Current Market Cap: A$379.9M

Find detailed analytics on THL stock on TipRanks’ Stock Analysis page.