Rio Tinto pays former chief executive’s deferred incentive plan awards
The principal provision of this deed was that the deferred incentive plan awards, which would have vested up to 2021, would be subject to a staged deferral.
- The principal provision of this deed was that the deferred incentive plan awards, which would have vested up to 2021, would be subject to a staged deferral.
- As a result, payments will be made by Rio Tinto to Sam Walsh of all deferred incentive plan awards which would have been payable on 31 December 2018 together with associated dividends and interest.
- Simon Thompson, Chairman of Rio Tinto said: When the deferral agreement was entered into, both Rio Tinto and Sam hoped that the Simandou regulatory investigations would have been completed by now.
- The Rio Tinto Board made a determination, pursuant to the deferral agreement, to further defer the awards as the regulatory investigation remains open.