Harbour Energy plc has granted an aggregate 3,718,143 share awards to executive directors under the company’s shareholder-approved 2025 long term incentive plan.
BUSINESS
On 9 May, chief executive Linda Z Cook received a total of 1,454,789 contingent share awards equal to 300% of her salary.
Chief financial officer Alexander Krane received 746,045 share awards (240%).
Ms Cook also received 484,929 restricted share awards, equal to 100% of her salary, and Mr Krane 248,681 restricted share awards (80%) in the form of contingent share awards, subject to underlying business performance.
All of the shares have an award price of £2.0106 and will vest subject to certain criteria over a three-year performance period.
Also on 9 May, Mr Krane received 783,699 shares at an award price of £1.5950, with a value of £1.25 million, in recognition of his “significant” contribution to the business since Harbour formed in 2021.
The award is in the form of a contingent share award over ordinary shares in the company and will normally vest on 8 April 2026.