Lloyds boss closes in on £2.4m share bonus

clock

The chief executive of taxpayer-backed Lloyds Banking Group is set to be awarded a bonus worth about £2.5m next month as the lender continues its recovery from the 2008 financial crisis.

Antonio Horta-Osorio, who took the helm of Britain's biggest high street bank in 2011, will be awarded more than three million shares in November if Lloyds' share price remains above a specific level for the next three weeks, according to Sky News. On Friday, the bank's shares closed at 80.37p, continuing a run above a crucial 73.6p threshold that began on 9 October. Under the terms of an annual bonus awarded in March, Mr Horta-Osorio's payout for 2012 will vest if either of two conditions is met: if the bank's share price trades for 30 consecutive days above the 73.6p average price w...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

China: Beyond trade tensions and tariffs

China: Beyond trade tensions and tariffs

'So what do you think about China?'

Gabriel Sacks
clock 05 December 2025 • 4 min read
As good as... Should investors rely on gold to protect portfolios during market dips?

As good as... Should investors rely on gold to protect portfolios during market dips?

'Gold is often bought more on hope than expectation'

James Flintoft
clock 04 December 2025 • 3 min read
Darius McDermott: The uncertain future of the US dollar

Darius McDermott: The uncertain future of the US dollar

'Investors need to be aware of the potential vulnerability of the dollar'

Darius McDermott
clock 03 December 2025 • 5 min read