Xero (ASX:XRO) reduced Chief Executive Sukhinder Singh Cassidy's base pay and target short-term incentive to $540,000 from $735,000, effective April 1, 2025, according to a Wednesday filing with the Australian bourse.
Cassidy's long-term incentive and long-term equity for fiscal 2026 will increase to $14.1 million, boosting her annual total target remuneration to $15.2 million, the filing said.
Further, Cassidy will receive a one-off grant of 575,000 options exercisable at AU$171.11 for a total of $26.5 million, to be vested in three equal tranches, the filing added.
Price (AUD): $170.74, Change: $-0.37, Percent Change: -0.22%
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