Harbour Energy plc granted a combined 1,793,639 performance and deferred bonus share awards to its chief executive officer and chief financial officer.
On 8 April, Linda Z Cook received 939,947 share awards at a price of £2.835 each under the company’s 2017 long term incentive plan, representing 300% of her salary.
Alexander Krane was granted 618,222 share awards on the same date and terms.
The awards will only vest if certain performance targets are met over a three-year performance period from 1 January 2024 to 31 December 2026.
The executive directors will hold the shares, on an after-tax basis, until the fifth anniversary of the date of grant.
Also on 8 April, Harbour granted deferred bonus awards to Ms Cook and Mr Krane in respect of 50% of the 2023 annual bonus awarded to them.
Ms Cook received 143,915 and Mr Krane 91,555 shares, at a price of £2.835 each.
The deferred bonus awards are in the form of contingent share awards over ordinary shares in Harbour and will normally vest three years from date of grant.