Harbour Energy plc has granted deferred bonus shares to two executive directors under the company’s 2017 long term incentive plan.
VESTING
On 7 April, chief executive Linda Z. Cook received 66,343 shares at an award price of £2.0106, while chief financial officer Alexander Krane received 86,021 at the same price.
The awards represent 25% of the 2024 annual bonus for Ms Cook and 50% for Mr Krane.
Harbour granted the deferred bonus awards in the form of contingent share awards over ordinary shares, normally vesting three years after the grant.
The company added that deferred bonus awards for both executive directors, granted in March 2022, vested on 7 April 2025.
The awards were in respect of 50% of bonus amounts earned for the financial year ending 31 December 2021.
The awards were subject to a three-year deferral period which has now ended.
Ms Cook has 35,164 vested awards at a market price at vesting of £1.734, following the sale of 22,816 shares for statutory deductions.
Mr Krane has 17,013 vested awards at the same price after 18,016 shares were sold.