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Tower Limited ( (AU:TWR) ) has shared an announcement.
Tower Limited has disclosed that its chief executive officer, Paul Johnston, has acquired 222,858 ordinary shares in the company through the vesting of share rights and the issuance of new shares under Tower’s Long-Term Incentive Plan. The shares, for which there was no cash consideration, were granted in recognition of services performed and result in Johnston moving from no prior holding to becoming the registered holder and beneficial owner of the new stake, underscoring the company’s ongoing use of equity-based incentives to align executive interests with those of shareholders.
More about Tower Limited
Tower Limited (NZX: TWR) is a New Zealand-listed company operating in the financial services sector, with its shares traded on the NZX main board and subject to Financial Markets Conduct Act disclosure requirements for directors and senior managers.
Average Trading Volume: 95,614
Technical Sentiment Signal: Buy
Current Market Cap: A$555.8M
For a thorough assessment of TWR stock, go to TipRanks’ Stock Analysis page.