NEXTDC (ASX:NXT) has implemented a fully at-risk growth incentive plan for its managing director and chief excutive officer along with its executive team and a select group of senior management, according to a Monday Australian bourse filing.
The growth incentive plan rights have a total value of AU$150 million, of which AU$50 million will be to Craig Scroggie, the managing director and CEO and the rest will be for other participants with the allocation price based on ten-day volume weighted average price of the company's shares from Feb. 24, per the filing.
The move comes as an attempt to fight retention risk and global competition for talent in its sector, the filing added.
Company shares were down 2% in recent Tuesday trade.
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