Suncorp boss Johnston pockets a handy $1.2 million shares bonus
Suncorp managing director Steve Johnston has picked up more than $1.2 million in shares through the company’s incentive scheme.
Suncorp CEO Steve Johnston is seen at the start of the group's annual general meeting in Brisbane. (AAP Image/Dan Peled)
Johnston, who has risen through the ranks of the Brisbane-based company, notified the ASX of the vesting of 91,515 shares in Suncorp at $13.73.
Johnston previously held 272,129 ordinary shares in the company which today were valued at $3.6 million.
The increase was based on Johnston’s deferred incentive share rights. He still holds 220,000 of those rights along with 187,000 long term incentives rights.
The company recently announced a profit of $1.4 billion and was still working with ANZ on a potential merger of its banking division which was rejected by the Australian Competition and Consumer Commission.
The knockback was to face an appeal.
