Mike Holliday-Williams awarded 224,636 shares
Direct Line Group has awarded its new personal lines managing director Mike Holliday-Williams stock options worth £545,930.
Holliday-Williams has been awarded options on 224,635 of the insurance group’s shares at £2.43 a share under the company’s restricted shares plan.
The options will become available for Holliday-Williams to exercise in three stages over the next three years.
He will be able to buy 26,099 of the awarded shares from 1 May 2015, a further 154,647 shares from 1 May 2016 and the remaining 43,889 shares from 1 May 2017.
The options will remain exercisable until 26 May 2024.
The insurance group announced on 4 March that it had hired Holliday-Williams, previously rival insurer RSA’s Scandinavia chief executive, to replace outgoing personal lines boss Tom Woolgrove.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
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