Published
OnlineFinancialSports BettingIndustry

Better Collective announces new employee reward scheme

Better Collective is looking to reward key employees through a new, multimillion-euro grant programme.

GoldStar

Altogether, 35 employees stand to benefit from Better Collective’s Long-Term Incentive (LTI) plan in 2022, which covers 71,432 performance share units and 23,221 share options.

This scheme is designed to encourage select employees to go above and beyond, and offers €1.4m ($1.6m) in total if all financial goals are met, and zero if they are not.

If “exceptional performance above target” is achieved, the programme’s maximum value can reach €2.8m, assuming a constant share price.

The LTI was designed by Better Collective’s Remuneration Committee and approved by its board of directors, with a view to “appropriately retain, motivate and reward selected key employees”.

Moreover, the Danish company is looking to “support sustainable value creation” and bring the participants’ interests more in line with those of its shareholders.

To achieve this goal, Better Collective said: “The LTI provides an opportunity to participate in the value creation of Better Collective by rewarding business performance against selected metrics as well as share price growth.”

And in an attempt to assuage shareholders’ concerns that the LTI may have a dilutive effect, Better Collective said it will conduct share buyback programmes to meet its obligations.

The share units and options will be vested over a three-year period. Better Collective also said executive management will not receive any grants under the LTI.

It intends for the programme to revolve each year with an annual grant, though the size of such grants and their allocation remain at the board’s discretion.

Premium+ Connections
Premium

Galaxsys

 
Premium

Lynon

 
Premium

Digitain

 
Premium

RISK

 
Premium

Imagine Live

 
Premium

PIN-UP Partners

 
Premium

GammaStack

 
Premium

Revsharks

 
Premium

1xBet Partners

 
Premium

Sport Generate

 
 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...