FTH Share Incentive Scheme Award Neutral
FRONTIER TRANSPORT HOLDINGS LIMITED - Acceptance of options by directors in terms of the Frontier Group Employee Option Scheme (Scheme)
Frontier Transport Holdings Limited
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What this filing means
Frontier Transport executive directors have accepted over 2.5 million share options, though the filing contains significant internal mathematical inconsistencies regarding strike price versus total value.
Bull case
- The acceptance of substantial option tranches by executive directors FE Meyer and UJ Gribble indicates a long-term commitment to the group's performance.
- Executive interests are aligned with shareholders through a multi-year vesting schedule, with 33.33% tranches vesting on the 3rd, 4th, and 5th anniversaries.
Bear case
- There is a massive mathematical discrepancy between the '6.07 cents' strike price and the 'Total Rand Value' of millions, suggesting either a typo in the strike price or the value calculation.
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