Smurfit Kappa senior executives awarded more than €9.6m in share bonus awards

Shares awarded as part of company’s deferred bonus scheme

Tony Smurfit, group chief executive officer, received shares with a current value of €3.6 million. Picture: Bloomberg

Six senior executives at Smurfit Kappa, the Irish paper and packaging giant, have been awarded share bonuses with a combined current market value of more than €9.6 million.

The shares were awarded as part of the company’s deferred bonus scheme and cannot be cashed out until a certain period of time has passed, typically three years, and certain conditions have been met, such as raising the company’s earnings per share. Shares in Smurfit Kappa Group ...