Smurfit Kappa chief executive Tony Smurfit has received share awards that would be worth €4.1m at its current share price level. Photograph: Alan Betsonhave been granted €10.4 million worth of conditional share awards under the company’s bonus plan, new stock exchange filings show.
The awards were made under two separate incentive schemes run by the company, known as the performance share plan and the deferred bonus plan. Laurent Sellier, the company’s chief executive for the Americas, got 37,284 shares in total, while Gillian Carson-Callan, the company’s secretary, got 17,988, of which 4,535 were awarded through the deferred scheme. Those tranches of shares would be worth €1.5 million and just over €750,000 respectively.
The company’s share price has surged in recent months on foot of the merger announcement, from a price just under €30 to €41.80 currently.
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