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Update: Cettire Approves New Long-Term Incentive Grants for CEO, CFO; Shares Gain 3%

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(Updates with the stock movement in the headline and last paragraph.)

Cettire's (ASX:CTT) board authorized new long-term incentive programs for Group CEO Dean Mintz and CFO Tim Hume following an annual remuneration review, according to a Tuesday filing with the Australian bourse.

The new grants, which reflect current market conditions and aim to retain "leadership through a period of sector headwinds," remain largely performance-based, with vesting based on performance and continued service over a multi-year period, per the filing.

Performance rights for Mintz feature a five-year vesting duration, while Hume's arrangement includes progressive vesting terms extending through August 2029.

The company's shares gained nearly 3% in recent Wednesday trade.

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