SWF has issued a total of 7,558,067 performance rights.
2,623,678 were issued to CEO Catherine Whitaker, according to SWF's announcement of 21 Dec 2021 about unquoted securities.
"Securities issued under an employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends"
These performance rights were issued by an unprofitable company. In my opinion, out-of-the-money options would be a more appropriate performance incentive.
Ann: Quarterly Activities Report and Appendix 4C, page-73
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