Ann: Hamish Douglass - Medical Leave of Absence, page-137

Did you read the article? The loans are from Magellan, so no margin calls. ""For Magellan insiders with SPP loans totalling more than $15 million as of July 1 last year - is that these loans are full recourse. That means they are liable for the debt even if the shares become worthless." Article says they have "10 years" to repay or "3 months" if they leave unless negotiated otherwise. Ironically this may actually help retain the staff and 'motivate' in a sense. "And a participant cannot sell the shares until the loan is repaid."

"Mr Douglass decided that loans to acquire shares are the best form of alignment."


https://www.theage.com.au/business/companies/magellan-board-execs-stung-by-equity-loans-as-shares-sink-20220207-p59ufs.html