A big jump this year for Murtagh, who is presiding over a standout performer among Irish plcs. Last year was another record year for the company, with revenue up 18pc and trading profit up 11pc. The performance is all the more impressive considering the fact that Kingspan does a substantial amount of business in the UK. The company has warned of a sluggish start to 2018.
The key to the bump for Murtagh was his decision to convert a large chunk of share options into Kingspan shares. His basic package was actually down on last year at €1.54m. But the share move — carried out in two tranches — saw him turn more than 330,000 options into Kingspan shares, worth more than €10m as of the dates in question.
A further 55,121 share options vested for Murtagh during the year, which we are not including here to avoid the risk of double counting on the two larger deals.