The dealings table this week is littered with company executives reaping rewards from incentive plans. But none seems as extravagant as that of Shoprite’s front man. And nobody is less eager to show what they pay their most junior staffers, even those who came into business with a promise to bring a worker-friendly face. Hosken Consolidated Investments (HCI) CE and co-founder Johnny Copelyn was granted 123,956 shares, which he accepted at an option strike price of R117.03. Vesting in September 2019, the total value of the transaction is R14.5m. Copelyn’s colleagues, finance director Kevin Govender and executive director Yunus Shaik, also received similar offers. Theirs were respectively valued at R9.2m and just over R979,000. The stock was offered to the executives at a 10% discount on the share’s volume weighted average trading price over the previous 20 days. Last year Copelyn and his colleagues received similar benefits. Maturing in September 2018, the total incentive performance...
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