Macquarie Group’s $686m share and promotion prize pool
Macquarie Group high performers now know the value of the share and promotion awards they are likely to participate in this year.
The group notified the Australian Securities Exchange (ASX) on Friday that the acquisition of Macquarie ordinary shares required for the 2025 profit share and promotion awards under the Employee Retained Equity Plan (MEREP) had been completed.
It said a total of approximately $686 million of Macquarie ordinary shares were purchased at a weighted average purchase price of $209.72 per share “which will determine the number of 2025 MEREP Awards staff receive”.
The ASX announcement noted that the company’s annual general meeting would consider a proposal for shareholder approval of the allocation of Restricted Share Units to the managing director and chief executive under the MEREP.
It said the Acquisition price of the RSUs to be allocated to the CEO will be $209.72 with the proposed allocation being $67,590 RSUs.
It's entertaining watching people who didn't care at toss about equity when advisers copped it, but now they're facing the…
Besides AI has made these "Research Houses" obsolete. Go use Grok or Gemini.
Only took six months
No way would I pay for the rubbish that comes out of so called rating and research houses. Paying someone…
And people wonder why advisers are leaving the industry (or just getting out of providing any form of personal advice…