Marks and Spencer (GB:MKS) has released an update.
Marks and Spencer Group PLC has announced a series of share transactions by its directors and managerial staff, including vesting and sales related to their Restricted Share Plan and Performance Share Plan. Executive Directors are required to hold a company equity position of 250% of their salary within five years of appointment, while other managerial staff must hold a position equivalent to 100% of their salary. The transactions took place on the London Stock Exchange and included the granting of new conditional shares under the company’s share plans.
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