Pinewood Technologies Group PLC said Monday it had granted share awards to its chief executive and chief financial officer under the company’s Deferred Share Plan.
Bill Berman, CEO, received an award covering 65,672 ordinary shares, while Ollie Mann, CFO, was granted 27,733 shares. Both awards were issued with no consideration paid and carry a par value of £1.00 per share.
The conditional awards vest on the third anniversary of the grant date, subject to the executives’ continued employment with the company. Vesting may accelerate in the event of a change of control, as outlined in the plan rules. The grants were scheduled for late June 2026 but were finalized on Monday.
The company said the awards align with its shareholder-approved Directors’ Remuneration Policy and were executed in compliance with Rule 21.1 of the Takeover Code. Transactions were conducted outside a trading venue.
