How's Shaun doing.....26 Jan 2026 23:51
Meanwhile back at the ranch, our hero is finally (and quietly) reaping the benefits of his endeavours (which amongst other things is making each and every one of us a little bit better off!).
To keep Shaun @ GGP (because he isn't a charity in case you wondered), the BoD continue to reward him with the carrot (salary and incentives) and stick (KPI's and deadlines) to ensure they optimise his output. It is after all a business.
In the beginning shaun started buying shares personally:
24/11/21 375,000 shares purchased. (old money, old shares).
Then things got serious:
08/02/22 Incentive award: 12,000,000 performance share rights. Commencing 08/02/22, vesting for 3 years and then a 1 year retention period (total 4 years to 08/02/26) expiring after 10 years. KPI’s advertised in the annual report in 02/11/22. (old money, old shares).
Now this was modified somewhat due to the consolidation and revised KPI's during what we can all agree, was a very busy period for GGP!
The result of all this was promulgated in the Annual Report 2025 (mid 2025) as follows: 1,613,703 shares available on the same end date: 8/2/26.
(note: post consolidation shares).
24/08/22 714,000 shares purchased. (old money, old shares).
So provided he stays with GGP until the 9/2/26, he will have amassed approximately: 54,500 personal shares (new shares) at let's say £7.50p: £409k.
And of course his 1,668,153 (new) carrots (sorry, share issue) @ £7.50p: A grand total of £12.51 million carrots! Not bad for a vegetarian, eh?
But it's not over yet:
04/05/26. 5,000,000 options to buy @ 25p issued on 5/5/21 (old money, old shares. This translates into 250,000 shares @ £5 each. [Will he, won't he?].
And may I be the first to congratualte you Shaun on a well deserved remuneration package for all the hard work you have put int looking after us all.
The one (rhetorical) question I have for you, Shaun: When do you plan to move on?
Z
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