Vicinity Centres — the ASX-listed Aussie mall owner — has rubbed out some $4 million worth of unvested stock earmarked for former chief executive Grant Kelley, who has previously been accused of peppering a female executive with creepy comments.
The company made the announcement in a disclosure to the ASX on Wednesday. Nestled in the “other information” section of the filing was the news that Kelley’s 2,083,682 of unvested performance incentives had been cancelled by the board.
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Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com
