Deferred awards pay out to GSK (NYSE: GSK) senior leadership
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
GSK plc filed a Form 6-K detailing cash settlements of deferred incentive awards for three senior executives under the GlaxoSmithKline Deferred Investment Award Programme. The final 25% of awards granted on 10 February 2021 vested on 10 February 2026, based on GSK ordinary shares.
Chief Executive Officer Luke Miels and CEO, ViiV Healthcare and President, Global Health, GSK Deborah Waterhouse will each receive a cash payment of £541,555.40, reflecting 24,979.493 notional ordinary shares at £21.68. Regis Simard, President, Global Supply Chain, will receive £270,777.70 in cash in respect of 12,489.746 notional ordinary shares, also priced at £21.68, in each case before tax withholding.
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FAQ
What executive compensation transactions did GSK (GSK) disclose in this Form 6-K?
GSK disclosed cash settlements of vested deferred investment awards for three senior executives. The vesting covered the final 25% of awards granted in February 2021, settled in cash based on the value of GSK ordinary shares on 10 February 2026.
How much cash will GSK CEO Luke Miels receive from the deferred award vesting?
Luke Miels will receive a cash payment of £541,555.40 before tax withholding. This amount corresponds to 24,979.493 notional GSK ordinary shares valued at £21.68 each, reflecting the final 25% vesting of his February 2021 deferred investment award.
What payout was reported for GSK executive Regis Simard in this filing?
Regis Simard will receive a cash payment of £270,777.70 before tax withholding. The payment is calculated on 12,489.746 notional GSK ordinary shares at £21.68 per share, representing the final 25% vesting of his February 2021 deferred investment award.
What compensation did Deborah Waterhouse of GSK receive from the deferred award vesting?
Deborah Waterhouse will receive a cash payment of £541,555.40 before tax withholding. This is based on 24,979.493 notional GSK ordinary shares at £21.68 each, reflecting the final 25% vesting of a deferred investment award granted on 10 February 2021.
On what date did the GSK deferred investment awards vest for these executives?
The final 25% of the GlaxoSmithKline Deferred Investment Award Programme grants vested on 10 February 2026. These awards were originally made on 10 February 2021 and were settled in cash based on the value of GSK ordinary shares on the vesting date.