Vesting of share rights held under long term incentives and retention bonus leads to big payday.
Qantas has just released details of a stock issue to CEO Alan Joyce, who has acquired 1,738,500 QAN shares under incentive and retention schemes approved by shareholders in previous years.
Based on the current Qantas share price of about $5.83, the bonanza is worth more than $10.1 million to the outgoing chief executive.
He received 698,000 shares under the 2022-23 “Recovery Retention Plan” and the balance under long term incentives approved in 2018, 2019 and 2020 which were previously deferred.
Joyce now holds a total of 2,228,743 Qantas shares worth almost $13 million.
More details in Monday’s issue of Travel Daily.