Royal Mail top directors set for share windfall worth up to £4.2m

Royal Mail revealed share bonuses for its top directors worth up to £4.2million at the time they were awarded, as its transition to a public company saw cash incentives replaced with stock.

Some 15 senior staff will get the shares in 2016, if they meet performance targets, with boss Moya Greene eligible for up to 92,232 shares, worth £488,000 at the £5.29 price when they were awarded.

The windfall will be lower if the company does not hit the top end of its targets, but could also be much higher if its stock, up from £3.30 when it listed in October to £6.05 yesterday, continues to soar.

Read more: Royal Mail top directors set for share windfall worth up to £4.2m | This is Money.