24th Oct 2013 15:03
LONDON (Alliance News) - Barratt Developments PLC Thursday said Chief Executive Mark Clare and three other directors were granted awards over a total of 1.1 million shares at a price of 325 pence.
Clare was granted 418,830 shares, Company Secretary Tom Keevil 122,307 shares, while Finance Director David Thomas was granted 271,230 shares as was Group Executive Director Steven Boyes.
The awards are subject to the attainment of performance targets and if met will vest in October 2016.
In a separate transaction, the directors were awarded shares under the company's deferred bonus plan. Clares was awarded 101,560 shares, Keevil 37,695 shares and Thomas and Boyes 65,769 shares each.
The stock was trading at 341.56 pence Thursday, up 2.26 pence or 0.7%.
By Anthony Tshibangu; [email protected];
Copyright 2013 Alliance News Limited. All Rights Reserved.
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