A Goode return

A Goode return

Thanks to changes to Western Australian energy giant Woodside’s new directors’ remuneration system, chairman Charles Goode has added just over 54,000 shares to his holding, increasing the value of his stake by more than $900,000.

According to the company’s announcement to the Australian Stock Exchange, the $911,667 increase was the result of an “on-market acquisition of shares representing accrued retirement benefits”.

Mr Goode’s stake in the energy player is now worth just under $3 million. He holds 177,037 shares.

Other Woodside non-executive directors to have their holdings topped up this way were Erich Fraunschiel, Jillian Broadbent, Pierre Jungels and Philip Rose.

The value of Mr Fraunschiel’s stake rose by $45,467, Ms Broadbent’s by $188,927, Dr Jungels’ by $39,623 and Dr Rose’s by $333,333.

At Woodside’s annual general meeting on April 15, shareholders were asked to vote on a proposal to restructure non-executive directors’ remuneration.

This shares increase to the Woodside directors is the result of that.

Aspen Group managing director Gavin Hawkins and directors Angelo Del Borrello and Seng Chan each increased the value of their stakes in the property investment company by $427,311.

According to company announcements to the ASX in relation to those changes, each increase was through an off-market trade.

Following the increase, Mr Hawkins and Mr Del Borrello both hold about 7.6 million shares in Aspen. Those holdings are worth more than $1.1 million each.

Mr Chan’s holding of 5.7 million shares is worth nearly $900,000.