Frasers Group’s Incoming CEO Could Receive $138 Million Bonus

Michael Murray, the incoming chief executive officer of Frasers Group Plc, could earn a bonus of 100 million pounds ($138 million) in shares if the U.K. retailer’s stock hits a “challenging but achievable” price target.

The company that owns Sports Direct and House of Fraser stores said the stock would have to hit 15 pounds a share for 30 consecutive trading days before Oct. 7, 2025, for the bonus to vest. The shares closed at 6.50 pounds each on Wednesday.

Earlier this month the chain announced that founder Mike Ashley was considering stepping down and handing over to Murray, ...