A total of 146 long-term employees of industry intelligence provider GlobalData have benefited from the business' share option scheme, with awards vesting £82 million, as of this month.
GlobalData created the scheme in 2010 as part of a goal to align its staff to its long-term success, and granted the first options on 1 January 2011, while remaining open to new entrants until 31 December 2020. The scheme was subject to £52 million in adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) performance target, which was met last year.
According to GlobalData, it reported revenues of £54 million and adjusted EBITDA of £7 million when options were first granted under the scheme. Since then, its growth between 2011 and 2021 saw a revenue compound annual growth rate (CAGR) of 13% and an adjusted EBITDA CAGR of 23%.
Other employee share option schemes that the provider created in 2019 and 2021 remain open to its employees and are scheduled to vest between February 2025 and February 2027.
Mike Danson, chief executive officer of GlobalData, said: “I am delighted that so many colleagues who have been with us over the past decade have been rewarded for their part in the business’ success story. It demonstrates an alignment of goals between our people and the long-term interests of the group. Our people, our customers, our environment and our communities remain the beating heart of GlobalData. Combined, they represent the guiding focus for sustainable growth.
“I set out to create a great business with great people. Those rewarded in our employee share scheme are in roles across our organisation, from client facing roles in account management and product development, to organisational support roles in business administration and facilities management. All are fantastic talents and people I am thrilled to work alongside day-to-day. Alongside our recently launched professional development programmes including mentoring and funded learning and development, this is a timely moment to recognise the many people that contribute to GlobalData’s long-term success.”
