VEON - Management raises stake in Veon through share grants

2023-04-14 14:58:12 ET

• Management in telecom name Veon ( NASDAQ: VEON ) is boosting its ownership of company shares.
• That's thanks to incentive programs announced over a year ago -- covering short-term incentive and a long-term incentive share grants.
• The short-term incentive scheme relates to the period from Jan. 1-Dec. 31, 2022, and will vest in American Depositary Shares over a two-year period starting from March 15, 2023. The long-term incentive grant is tied to the three-year period from Jan. 1, 2023, to Dec. 31, 2025, and will vest based on performance.
• CEO Kaan Terzioglu received 65,761 share grants under the short-term plan and 306,852 in the long-term plan.
• Overall, the five members of Veon's executive committee were granted 154,876 shares in the short-term incentive plan and 643,286 shares in the long-term incentive plan.

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