Cement maker ARM’s #ticker:ARM chief executive, Pradeep Paunrana, is set to take up shares of the company currently worth Sh1 billion as part of his stock-based compensation, making him the largest beneficiary of the firm’s employee share option plan (Esop).
Mr Paunrana’s entitlements, alongside that of deputy CEO Surendra Bhatia, who is lined up to receive a total of 14.1 million shares worth Sh179 million, are disclosed in documents issued in relation to the company’s disposal of its non-cement business.
