No problem with them employing an internal... but it does mean the culture may likely remain unchanged...
Shame that Hallahans LTI's appear to be purely 35% of TFR... with no obvious stated restrictions on trade... big pay increase too... HD was getting 690K... now we are up to 850K.
2019FY report he held ~11000 shares and 250K options... will see what he does from here.
My #1 issue with Debney was that he never allowed his holding in CGC to increase above 1.2million shares... basically 11-12 months after being issued his LTI's... they were sold. Every Year.
LTI's are intended to align executives interest with shareholders... hard to see it happening unless their interest in the business INCREASES in line with their term of servitude.
No problem with them employing an internal... but it does mean...
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