FMDQ Group Plc gave Share Appreciation Rights to its top leaders. This was in their 2024 annual report which was shared with investors and the public. The Chief Executive Officer got 1.3 billion shares and these shares are worth N9.9 billion. They make up 5% of the company’s shares.
Next, executive management, called foundation executives, received shares too. They got 1.04 billion shares worth N4.6 billion. This equals 4% of the company’s shares. These awards reward hard work and they also encourage other leaders to perform well.
Furthermore, the CEO’s shares have a 6.4-year vesting period, tied to his job performance goals.
Foundation executives’ shares priced at N8.03 each vest in five years. In addition, the price has been up 44.42% from last year.
The CEO’s exercise price is N0.37, and foundation executives’ is N3.59. With vesting prices are N7.66 and N4.44, respectively.
Finally, Mr. Bola Onadele Koko benefits from this award. He has been CEO for 12 years. His leadership drives FMDQ’s success. These awards show the company values its leaders.
