Kistos Holdings plc has granted a total 1,691,639 ordinary shares, including 1,427,124 to executive directors, in accordance with its 2021 equity incentive plan.
DIRECTORS
Under the long term incentive plan, executive chairman Andrew Austin received awards over 543,666 shares.
Chief executive officer Peter Mann received 475,708 awards and chief financial officer James Thompson 407,750.
The awards vest depending on continued employment and performance against certain total shareholder return (TSR) and strategic targets, tested over three years.
Kistos has also deferred a portion of the 2024 bonus outcome, in lieu of cash, into an award to be granted as bonus restricted share unit awards.
On 1 March, the company granted bonus RSU awards over a total of 367,685 ordinary shares, including 252,040 to executive directors.
Mr Austin was granted 116,123 awards, Mr Mann 120,082 and Mr Thomson 15,835.
The bonus RSU awards vest over a two-year period.
Kistos’ upstream oil and gas interests are in the UK North Sea and offshore/onshore Netherlands.