Business
QBE boss forfeits $10m worth of share rights after abrupt exit – Sydney Morning Herald
In a statement to the ASX on Wednesday, QBE said Pat Regan finished with the company on Tuesday and will receive a payment of $310,000.
Mr Regan held rights over 773,138 shares and owned more than 915,000 shares outright which are currently worth $8.6 million. QBE’s annual report showed that the “maximum value of award to vest” for Mr Regan as of December 31 was worth just over $9 million. Mr Regan has since received more share awards in the 2020 calendar year.
He received remuneration totalling $4.43 million for the year ending December 31, 2019, which included $2.1 million worth of conditional rights.
His base salary jumped …
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