Star Bulk unveils ambitious performance incentive for employees
Star Bulk has been one of the most decisive advocates of scrubbers and has now introduced a stock incentive scheme for key personnel that is linked to how well its scrubber-equipped fleet of 112 vessels performs in 2020 and 2021. Up for grabs are up to 4m shares, worth more than $40m at today’s share price, but before the beneficiaries begin qualifying for the bonus, Star Bulk will have to outperform the market by at least $120m each year
If the scrubber-equipped fleet outperforms market by $120m-$300m, key executives could earn a 4m share bonanza, but the bulker owner currently views this as unlikely
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