Barclays Delays Vesting of Long-Term Incentives for CEO, Finance Director
15 April 2020 - 12:30AM
Dow Jones News
By Adriano Marchese
Barclays PLC said Tuesday that the release of long-term
incentive plan awards for its two executives has been delayed due
to the coronavirus pandemic.
The U.K. bank said that Group Chief Executive Officer Jes Staley
and Group Finance Director Tushar Morzaria have supported the
decision of the remuneration committee to push back the vesting
date of the first portion of the LTIP to March 8, 2021. This
portion of their 2017 LTIP awards was originally set to vest in
June 2020.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
April 14, 2020 10:15 ET (14:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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