Metlifecare execs in for a windfall but forfeit incentives

Thu, 03 Sep 2020

Metlifecare chief executive Glen Sowry and chief financial officer Richard Thomson are in line for a nice not-so-little windfall if shareholders approve Swedish suitor EQT's $6 per share offer, valuing the company at $1.28 billion, although both will miss out on other incentives. The scheme booklet reveals that after the vote, Sowry will be issued 93,035 shares and Thomson 63,536, respectively worth $558,210 and $381,216 at the offer price. The share issues represent the accelerated vesting of performance rights each would have been entit...

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