AGL Energy Director Damien Nicks Receives 243,623 FY27 LTI Performance Rights

Shwetambri Chauhan

05 November 2026 03:14 PM AEDT

AGL Energy Director Damien Nicks Receives 243,623 FY27 LTI Performance Rights

Image Source: Krish Capital Pty Ltd

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AGL Energy Limited (ASX:AGL) has disclosed that Director Damien Craig Nicks received 243,623 performance rights on 30 October 2026, representing the allocation of his FY27 Long-Term Incentive award as approved by shareholders at AGL's 2026 Annual General Meeting.

Key Points

243,623 performance rights were allocated to Damien Craig Nicks on 30 October 2026 under the FY27 LTI Plan
The performance rights were granted at nil cost, with consideration being the provision of services under an executive employment agreement
Following the change, Nicks holds a total of 789,039 performance rights across four annual LTI plan allocations
Nicks continues to hold 426,340 ordinary shares across three separate custodial and trust arrangements

FY27 LTI Award Allocation Details

According to the filing, the 243,623 performance rights were allocated as an LTI award under the AGL Long-Term Incentive Plan, following shareholder approval at AGL's 2026 Annual General Meeting. The performance rights are held indirectly, with Automic Markets Pty Ltd recorded as the registered holder under AGL's employee share plans. The rights were granted at nil cost, and the consideration disclosed is the provision of services under an executive employment agreement. The filing confirms the interests were not traded during a closed period.

Total Performance Rights Holdings After Change

Following the allocation, Damien Nicks holds a total of 789,039 performance rights allocated as LTI awards under the AGL Long-Term Incentive Plan. These comprise 243,623 performance rights issued under the FY27 Plan, 197,609 under the FY26 Plan, 185,661 under the FY25 Plan, and 162,146 under the FY24 Plan. Prior to the change, Nicks held 545,416 performance rights. The filing notes no performance rights were disposed of as part of this transaction.

Ordinary Share Holdings and Custodial Arrangements

The filing discloses that Damien Nicks holds 426,340 ordinary shares in total, unchanged by this transaction. Of these, 148,655 ordinary shares are held by Automic Markets Pty Ltd, 218,355 ordinary shares are held by Invia Custodian Pty Limited as custodian for DC & RL Nicks Family Pty Ltd as trustee for the Nicks Family Trust, and 59,330 ordinary shares are held by Invia Custodian Pty Limited as custodian for DN & RL Nicks Pty Ltd as trustee for the Nicks Family Super Fund. The date of the last notice for this director was 31 August 2026.

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