Cairn Homes chief gets first tranche of possible €7m share bonus scheme

Michael Stanley was awarded the shares under a recently-unveiled long term investment plan

Michael Stanley of Cairn Homes

Michael Stanley, the chief executive of Cairn Homes, has been awarded the first tranche of a possible €7 million under a new share bonus scheme that was opposed by a large minority of the company’s shareholders.

The shares were award under the company’s recently unveiled “Stretch CEO LTIP”, a long-term investment plan that incentives Stanley to increase the company’s growth.

Under the scheme, Stanley, who currently earns a baseline salary of €425,000, will have to ...