Friday June 5, 2020

Paddy Power chief executive is big winner after getting stock options

Paddy Power chief executive Patrick Kennedy grew more than €5 million richer last week, when stock options in the gaming group he was granted in 2009 vested.

11th March, 2012
2
Patrick Kennedy, chief executive of Paddy Power: had a €5 million windfall last week. Photo: Tony O'Shea

Paddy Power chief executive Patrick Kennedy grew more than €5 million richer last week, when stock options in the gaming group he was granted in 2009 as part of an incentive scheme vested, according to stock exchange filings.

The transaction was one of several for the group's directors last week, as Kennedy joined finance director Jack Massey and company secretary David Johnston in both increasing their shareholdings and liquidating some stock after Paddy Power issued 2011...

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