According to the Financial Times, citing people familiar with the matter and a presentation presented to investors, Glencore is communicating with shareholders about CEO Gary Nagle's new compensation plan. Glencore may propose to amend the “change of control” clause. According to this provision, even if Nagle leaves the company after the acquisition occurred, some of his shares may still be unattributable. If Glennon can be bought by a competitor and Nagle is replaced as CEO, these shares under his name will be vested. However, these share awards, which form the main body of CEO remuneration, are still banned for several years after ownership, and cannot be sold during this period. Currently, the company is still finalizing the details of the plan. Glencore declined to comment on the matter.

Zhitongcaijing · 1d ago
According to the Financial Times, citing people familiar with the matter and a presentation presented to investors, Glencore is communicating with shareholders about CEO Gary Nagle's new compensation plan. Glencore may propose to amend the “change of control” clause. According to this provision, even if Nagle leaves the company after the acquisition occurred, some of his shares may still be unattributable. If Glennon can be bought by a competitor and Nagle is replaced as CEO, these shares under his name will be vested. However, these share awards, which form the main body of CEO remuneration, are still banned for several years after ownership, and cannot be sold during this period. Currently, the company is still finalizing the details of the plan. Glencore declined to comment on the matter.