The chief executive and chief financial officer (CFO) of Plus500 are set to be awarded around £17m ($23m) worth of shares in the brokerage group later this year, as part of a bonus scheme.
Plus500 Group CEO David Zruia and CFO Elad Evan-Chen were each awarded 231,328 shares in the business, according to a stock market filing on Friday.
At the London-listed broker’s closing price of £36.46 on 2 February, each stake would be worth £8.43m, or £16.87m in total.
The announcement also included smaller awards to other senior Plus500 executives, including Chief Marketing Officer Nir Zatz, Chief Technology Officer Al Yaros, Chief Regulation officer Yevgeni Shluckmeyster, and Chief People Officer Eden Dahan.
Out of this group Zatz and Yaros were awarded the most shares, 32,906 and 22,891, respectively. These amounted to stakes worth £1.2m and £834,605.
Shluckmeyster and Dahan received awards of 12,518 shares and 8,942 shares, amounting to stakes of £456,406 and £326,025.
Also awarded shares, 7,511 and 15,380 respectively, were the head of Plus500’s Israeli subsidiary Erez Levy and Vice President of Research and Development Or Rotem. These stakes were valued at £273,851 and £560,755 on 2 February..
Talen all together, the share awards were worth more than £20m ($27m) at the time of publication.
The awards comes after Alon Cohen Naznin, Plus500 chief operating officer, purchased £1m worth of shares in the business in December.
