As I read it, the plan is to get the takeover offer (in the event of one) over 25c in the next 3 years, otherwise they 'only' get 5c/share. So that gives them a (relatively) short term incentive to improve the sp. From 2022 on, they can put their 20c/share in for the options, so they have the longer term incentive to get the SP as high as possible if there hasn't been a takeover. I don't know if it is outrageously extravagant; but if you click on the "5 year" button on the chart above, you would wonder if anything is warranted.
As I read it, the plan is to get the takeover offer (in the...
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