Barclays will award shares worth approximately £500 to 90,000 employees, after revealing a rise in pre-tax profits in 2024.
The high street banking giant will issue all employees, except the most senior individuals, 170 Barclays shares, which they must retain until the organisation announces its full-year 2026 results.
In Barclays’ 2024 Fair Pay Report, Brian Gilvary, chair of Barclays remuneration committee, and Tristram Roberts, group human resources director at Barclays, said: “Our colleagues are central to achieving the three-year plan that we set out in February 2024, to deliver a simpler, better and more balanced Barclays. We are proud of the commitment they have shown and encouraged by the bank’s progress in the first year.
“In recognition of the collective effort to date, and the effort still required, to deliver on our plan, we are granting each of our colleagues, except the most senior, a one-off award of 170 Barclays shares (worth around £500). This share award will reinforce the alignment of colleagues’ interests with those of our shareholders, ensuring everyone is working towards the same goals to drive the group’s success.”
CS Venkatakrishnan, group chief executive of Barclays, added: “I am pleased and proud to announce a share grant worth around £500 each to over 90,000 employees to thank them and better align their efforts with shareholders’ interests. This share award will enable all colleagues to benefit tangibly from the firm’s progress.
“More broadly, I have long felt that there is a need to revive a culture of share ownership in the UK, and this award represents our effort in this direction.”
