Jens Monsees, the CEO of WPP AUNZ, the local arm of the world's biggest advertising company, has gone on market to buy 420,000 shares in the company he runs.
He paid an average 23.5 cents a share, for a total cost of $98,700, taking his direct interest in WPP AUNZ to 600,000 shares.
The purchase was made on Monday this week and reported to the ASX today. The shares last traded at 22.5 cents.
Monsees, who left BWM in Europe to take up the role at WPP AUNZ in October last year, also holds and indirect interest in 2,769,572 shares under the WPP AUNZ share ownership plan.
He has a lot of upside in salary package, depending on the performance of the company and its share price.
His base pay is $1.5 million but he can potentially end a full year with several million dollars, including allowances, and short and long term incentives.
In future years his take could go as high as $5 million, depending on the performance of shares in his long term incentive plan.
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