Ferry bosses share €4.6m in share-based payments

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Irish Continental Group chief executive Eamonn Rothwell receives €1m in share payments and another €1.5m in options at current values

Senior executives at ferries operator Irish Continental Group shared about €4.6 million in share-based bonuses, new stock-exchange filings show.

Mr Rothwell was also given 317,000 fresh share options under the plan, which will vest to him if he meets certain performance targets over the course of the next three years. Several other executives were also given share awards under the scheme, the filings show. Andrew Sheen, the managing director of the ferries division, was given just under 100,000 shares, which would be worth €460,000 at the current share price. Of that award, he sold slightly less than 35,000 of the shares, for a total of €161,000.

He was also awarded 135,000 shares under the performance scheme, which would be worth about €626,000 at the current share price. David Ledwidge, the chief financial office, was also granted 135,500 shares under the scheme.

 

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