Governance
Financial Statements
Additional Information
Strategic Report
The Executive Directors have the following outstanding share awards under the Long-term Incentive Plan and Deferred Bonus Plan:
Market value on date of
As at 31 March 2024
Granted in year
Exercised
Date of grant
Performance period
grant At 1 April 2023
in year Lapsed in year
Michael Morris 2020 LTIP
–
29 June 2020
1 April 2020 to 31 March 2023 1 April 2021 to 31 March 2024 1 April 2022 to 31 March 2025 1 April 2023 to 31 March 2026 1 April 2020 to 31 March 2021 1 April 2021 to 31 March 2022 1 April 2022 to 31 March 2023 1 April 2020 to 31 March 2023 1 April 2021 to 31 March 2024 1 April 2022 to 31 March 2025 1 April 2023 to 31 March 2026 1 April 2020 to 31 March 2021 1 April 2021 to 31 March 2022 1 April 2022 to 31 March 2023
70.73p 309,275
–
(162,524)
(146,751)
403,339
2021 LTIP
22 June 2021
89.10p 403,339
–
–
–
437,473
2022 LTIP
17 June 2022
94.47p 437,473
–
–
–
456,408
2023 LTIP
14 June 2023
78.10p
–
456,408
–
–
–
2021 DBP
22 June 2021
89.10p 186,666
–
(186,666)
–
159,555
2022 DBP
17 June 2022
94.47p 159,555
–
–
–
301,997
2023 DBP
14 June 2023
78.10p
–
301,997
–
–
1,496,308 758,405 (349,190)
(146,751) 1,758,772
Andrew Dewhirst 2020 LTIP
–
29 June 2020
70.73p 185,070
–
(97,254)
(87,816)
241,358
2021 LTIP
22 June 2021
89.10p 241,358
–
–
–
261,784
2022 LTIP
17 June 2022
94.47p 261,784
–
–
–
273,114
2023 LTIP
14 June 2023
78.10p
–
273,114
–
–
–
2021 DBP
22 June 2021
89.10p 126,933
–
(126,933)
–
108,498
2022 DBP
17 June 2022
94.47p 108,498
–
–
–
205,359
2023 DBP
14 June 2023
78.10p
–
205,359
–
–
923,643 478,473 (224,187) (87,816) 1,090,113 Awards under the Long-term Incentive Plan normally vest three years after the grant date and are subject to a further two-year holding period. Awards under the Deferred Bonus Plan normally vest two years after the grant date.
Picton Property Income Limited / Annual Report 2024
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