Large downgrades that occur just after key reporting deadlines have a habit of drawing attention. Particularly when a CEO has millions riding on everything landing at just the right time.
At miner and metal producer South32, few things can have engaged CEO Graham Kerr as much as a clear run to June 30. That’s the date on which an unusually large volume of options he had been awarded at the 2020 AGM were due to be assessed against a share price hurdle – and if granted, vest at no cost.
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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
