THE NEW CHIEF of RSM Tenon has been granted millions of shares as part of the firm’s long term incentive plan.
Chris Merry (pictured), who recently took over from Andy Raynor as CEO of Tenon, was provided with 2.9 million shares. CFO Adrian Gardner was given 2.6m shares.
The shares will be awarded based on a variety of performance targets set by the firm’s remuneration committee. The targets relate to Tenon’s earnings per share, total shareholder return and share price performance over a three-year period.
Merry has also purchased 250,000 shares at 7.25p each.
RSM Tenon’s share price stands at 6.87p, from a year-high of 35p. Its market capitalisation is £22.2m.
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