CFDs broker Plus500 Ltd (LON:PLUS) announces that it has granted 160,926 restricted share units (RSUs) over ordinary shares of NIS0.01 of the company to director and employees of the company or its subsidiaries in respect of such persons’ remuneration packages for the 2021 financial year.

The RSUs were granted following their approval by the Remuneration Committee, Board of Directors, and, with respect to the company’s Chief Executive Officer, David Zruia, by the shareholders of the company at the 2021 Annual General Meeting held on 4 May 2021.

Each RSU represents an unfunded, unsecured right to receive, on the applicable settlement date, one Ordinary Share of the Company (subject to certain performance goals, the terms of the Company’s Remuneration Policy as adopted by the Company’s shareholders at the AGM and the Company’s 2020 Equity Incentive Plan).

Each RSU will vest on 31 December 2023 and 30% of the resulting Ordinary Shares will be subject to a further two year holding restriction ending on 31 December 2025.

• David Zruia, Group CEO, is issued with 80,856 RSUs.
• Nir Zatz, Chief Marketing Officer, is issued with 28,260 RSUs.
• Ari Shotland, Chief Technical Officer, is issued with 12,560 RSUs.
• Erez Levy, CEO Plus500IL Ltd, is issued with 7,850 RSUs.
• Dani Magner, Chief Product and Risk Officer, is issued with 7,850 RSUs.
• Yevgeni Shtuckmeyster, Group VP regulation, is issued with 7,850 RSUs.
• Or Rotem, VP R&D, is issued with 7,850 RSUs.
• Al Yaros, System Architect, is issued with 7,850 RSUs.

As FX News Group has reported, in December 2020, Plus500 announced that it granted 116,045 restricted share units (RSUs) over ordinary shares of the company to directors and employees of the company or its subsidiaries in respect of such persons’ remuneration packages for the 2020 financial year.