2GENE

Sunday Independent (Ireland) - Business & Appointments - - FRONT PAGE - MURTAGH, KINGSPAN, €12.41M

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.

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