He hasn't been given anything. It's based on performance for 2015-17. It's part of the Long Term Incentive Plan for senior execs. As I understand it he'll have to achieve all the targets in that 2 years to get it
It is based on Total Shareholder Returns as compared to ASX100 (up to 50%) and a selection of Global Airlines (up to 50%) from 1/7/14 to 30/6/17.
So he led and talked the company into the ground and now suddenly it is all turning around coincidental with his share rights issue and a rising share price? Wow what a legend!
Also note the rights issue price is about half the current share price, so he's already in the money. Wow, what a legend!