The vesting conditions are high-bar, so if the options pass any of the vesting tests then at that time the SP will probably be much higher than the $12.91 exercise price. Definitely a performance incentive for the recipients, and also they are not freebies. (Many ASX company managements issue freebies to themselves dressed up as performance incentives, simply transferring wealth from shareholders pockets into their own pockets, regardless of how the company performs.) The number of new options is not excessive, provided that more new options do not get issued frequently. The options will only be exercised if NEU's performance is good . Overall, there is nothing here that might cause concern to shareholders.
NEU Price at posting:
$12.84 Sentiment: Buy Disclosure: Held
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