ESOPJun 5, 2026, 02:02 PM
Prudential Grants 419,318 Share Awards to CEO Anil Wadhwani
AI Summary
Prudential plc announced a grant of 419,318 new ordinary share awards to its Director and Chief Executive Officer, Anil Wadhwani, on June 3, 2026. These awards were made under the Prudential Long Term Incentive Plan 2023 and have a three-year vesting period. The awards are subject to stretching performance conditions aligned with the Group's strategic priorities, including targets for New Business Profit, Operating Free Surplus Generation, Return on Embedded Value, and Total Shareholder Return, over a performance period from January 2026 to December 2028. A clawback mechanism is also in place for exceptional circumstances.
Key Highlights
- Prudential granted 419,318 new ordinary share awards to CEO Anil Wadhwani.
- The awards were granted on June 3, 2026, under the Prudential Long Term Incentive Plan 2023.
- The purchase price for the awards was nil, with shares closing at HK$112 on grant date.
- Awards have a three-year vesting period and a performance period from January 2026 to December 2028.
- Performance targets include New Business Profit (15%), OFSG (15%), RoEV (15%), and TSR (40%).
- A clawback mechanism is in place for exceptional circumstances before the fifth anniversary of the award date.
- The grant was approved by independent non-executive directors of Prudential.
- The maximum number of shares available for future grant under the plan is 196,252,671.
Price Impact
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