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TGS VESTING UNDER THE 2022 LONG-TERM INCENTIVE PLAN
Globenewswire· 2025-05-08 05:00
Core Points - TGS granted the third tranche of Performance Stock Units (PSUs) under the Magseis 2022 Long-term Incentive Plan, which was authorized by the Board of Directors in 2023 [1] - The third tranche of PSUs vested on April 1, 2025, allowing 51 PSU holders to request the issuance of TGS shares, with a final payout of 58.3% based on performance metrics, resulting in 15,721 shares issuable [2] - Primary Insider Carel Hooijkaas received 2,470 shares from his vested PSUs, after which he owns a total of 53,164 shares in TGS [3] - Following the transaction, TGS holds 153,517 of its own shares in treasury [4] Company Overview - TGS provides advanced data and intelligence to companies in the energy sector, offering a comprehensive range of insights to support exploration and production of energy resources worldwide [5]
Caledonia Mining Corporation Plc Issue of Securities Pursuant to Long Term Incentive Plan Awards and Issue of New Long Term Incentive Plan Awards
Newsfilter· 2025-04-02 06:00
Core Points - Caledonia Mining Corporation Plc announced the issuance of 80,230 common shares under its 2015 Omnibus Equity Incentive Compensation Plan, following the financial results for the year ended December 31, 2024 [1] - The issuance is expected to take place on or about April 4, 2025, with trading in the depositary interests anticipated to commence on or about April 10, 2025 [2] - After the issuance, the total number of shares in issue will be 19,294,784 common shares [3] Summary of Securities Issued - John Mark Learmonth, Director and Chief Executive Officer, will receive 29,817 securities, resulting in a total interest of 216,848 shares, representing 1.12% of the company's share capital [2] - Other key managerial personnel will also receive securities, including James Mufara (Chief Operations Officer) and Victor Gapare (Executive Director), with respective awards of 18,710 and 16,447 securities [12][14] Long Term Incentive Plan Awards - The Compensation Committee approved new long-term incentive plan awards for staff, with values as of April 1, 2025, including US$491,715.90 for John Mark Learmonth and US$233,700.02 for James Mufara [4] - The awards consist of target Performance Units (PUs) and Restricted Share Units (RSUs), with vesting dates set for April 2028 for PUs and staggered vesting for RSUs [4][7] Performance Metrics - The final number of PUs that vest will be adjusted based on the company's performance metrics, including gold production and mineral resource increases [6] - RSUs will vest based solely on continued employment, with dividends reinvested in additional RSUs for certain executives [7] Fair Market Value - The Fair Market Value for the shares was determined to be US$12.49, which was used to calculate the number of PUs and RSUs awarded [5]