...I dont know what happened to Roger Sexton's shareholding but...

...I dont know what happened to Roger Sexton's shareholding but other Directors have also been allocated shares periodically, which is normal.
It is interesting that the 'performance fee' is paid to Beston Pacific Asset Management if the share price outperforms the All Ords for the 5 year period through to August 2020. And the Management Agreement cannot be terminated during that time.
Given that the issue price was 35 cents when Beston launched in 2015 (when the All Ords was 5472, compared with 5930 now, a 8.4% increase) Beston's share price will probably needs to be up around 38-40 cents by 2020 (depending of course on how the All Ords goes) to earn the performance fee.
But it will be worth earning - 17.5% of the market capitalization of the company at, say, a 40 cent share price, would be $29 million! And, because the performance fee is based on the market cap. issuing new shares (to Directors etc) will increase the value of the performance fee even further.
Personally, I think the bar has been set way too low on performance although it certainly provides an incentive for MPAM to deliver on that modest performance measure. Low bar, huge rewards.
But, even if it doesn't meet the performance measure, BPAM will still have its regular and substantial monthly income from the management fee., as well as the value of additional shares allocated to the Beston and BPAM Directors who, as has been pointed out, are the same people