A 5 year period of exercise at yesterday close price is very very low when you give away 20+m. I'm in the executive headhunting industry and I can assure you this is very generous. Every cent the stock rises under his control is worth $230k to him. He looks a good hire, not disputing that. His base looks reasonable. But those options and performance shares make this a very attractive role for him. They should have been 30c+ as a minimum with that amount and time frame. Or alternatively less 22.5% Oppies and far more performance vesting Oppies.
I doubt any of you will be happy if Brn is worth 30c in 5 years. But the new CEO will have close to 2m of stock gained for free.
Ann: Appoints new Chief Executive Officer Louis DiNardo-BRN.AX, page-15
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Last
21.0¢ |
Change
-0.010(4.55%) |
Mkt cap ! $389.7M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.0¢ | 21.0¢ | $922.5K | 4.216M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 810878 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 150192 | 16 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| BRN (ASX) Chart |