Sunday 23rd Oct 2016 - Logistics Manager

Stobart directors set performance targets

Stobart’s three key directors are betting that the group can outperform the stock market by at least 40 per cent over the next three years.

Under an executive share incentive scheme, chief executive Andrew Tinkler could receive more than 16 million shares in the business if targets are met. William Stobart is in line for 5.7m shares and Allan Jenkinson 6.4m shares.  Stobart shares were trading at 119 pence at the time of writing.

However, they are having their base salaries frozen for the period of the scheme.

They will only receive the full share allocation if the company outperforms the FTSE250 by 120 per cent. And they will receive no shares if the company does not outperform the FTSE250 by at least 40 per cent.