FinanceMagnets
Published on 2026-04-30 | 2 hours ago
IG Grants £6.9 Million Share Awards to CEO and CFO Linked to Revenue and EPS Targets
IG Group Holdings has granted long-term share option awards to senior
executives, including chief executive officer Breon Corcoran and chief
financial officer Clifford Abrahams. The awards were disclosed in a regulatory
filing under the UK Market Abuse Regulation.Singapore
Summit: Meet the largest APAC brokers you know (and those you still don't!).Based on the grant-date share price of £14.377, the awards have a
notional value of about £6.87 million. This includes roughly £6.53 million for
454,000 long-term incentive plan options and around £0.34 million for 23,753
deferred bonus shares. The final value will depend on performance conditions
and the share price at the time of vesting or exercise.Executive
Share Awards Linked to PerformanceThe grants form part of the firm’s Long Term Incentive Plan and Annual
Bonus Plan. They were issued as share options with a nominal exercise price of
0.005 pence per share.Under the LTIP, Corcoran received a larger allocation than Abrahams. Both
executives were also granted deferred shares linked to annual bonus outcomes
for the previous financial year.The LTIP awards are subject to performance conditions measured over a
three-year period starting in 2026. Vesting depends on two equally weighted
metrics: group revenue and earnings per share.Options
Exercisable Ten Years After VestingRevenue targets range from £1.226 billion at the lower threshold to
£1.513 billion for full vesting. Earnings per share targets range from 127p to
166p over the same period. Once vested, the options remain exercisable for up to ten years from
grant.The Annual Bonus Plan awards follow the same deferred structure and are
subject to the same malus and clawback provisions. These allow the firm to
reduce or reclaim awards under certain conditions, in line with its
shareholder-approved remuneration policy adopted in 2025.
This article was written by Tareq Sikder at www.financemagnates.com.
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