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Westpac Banking ( (AU:WBC) ) has shared an update.
Westpac Banking Corporation has disclosed a change in the interests of director Anthony James Miller, notifying the ASX that his holdings in Westpac securities increased following the grant of additional equity under the Westpac Group Equity Incentive Plan. Miller received 45,691 restricted rights and 45,692 performance rights, as well as additional fully paid ordinary shares, lifting his share rights to 375,914 and his ordinary shareholding to 343,348. The transaction, which did not involve any on-market trading or cash consideration and did not occur during a closed period, reflects Westpac’s continued use of equity-based remuneration to align executive and director incentives with shareholder interests and long-term corporate performance.
The most recent analyst rating on (AU:WBC) stock is a Hold with a A$39.00 price target. To see the full list of analyst forecasts on Westpac Banking stock, see the AU:WBC Stock Forecast page.
More about Westpac Banking
Westpac Banking Corporation is a major Australian financial institution operating in the banking and financial services industry, providing retail, business, and institutional banking products, including deposit accounts, lending, wealth management, and related financial solutions across domestic and international markets.
Average Trading Volume: 4,255,350
Technical Sentiment Signal: Buy
Current Market Cap: A$133.9B
See more insights into WBC stock on TipRanks’ Stock Analysis page.