Executive Bonuses Trigger Selloff in Better Home Finance Shares

Better Home Finance Holding witnessed a sharp decline in its stock value on Friday, plummeting 5.35% immediately following the disclosure of substantial equity awards granted to top executives. The market’s negative response came as CEO Vishal Garg received 575,000 performance-based restricted stock units, while General Counsel Paula Tuffin was awarded 100,000 value-oriented RSUs.

The company submitted an 8-K filing with the U.S. Securities and Exchange Commission on November 7, detailing the compensation packages. According to the regulatory document, half of these equity awards are tied to stock price targets, with the remaining portion linked to revenue performance metrics.

Investors expressed their disapproval through vigorous selling activity, driving the share price down Read more...