Purplebricks has given lucrative share options to its new global chief operating officer, Vic Darvey.
He was been awarded options to subscribe to 700,000 ordinary shares of 0.1p each, under the employee share option plan.
The shares have an exercise price of £1.65, which was the closing price at January 4, making the golden hello worth £1.1m.
Darvey, 45, does not come from an estate agency background, but was the former managing director of MoneySupermarket, and previously a leading figure in the travel industry. He helped set up a company which was sold to lastminute.com
He started at Purplebricks, in the new role of group chief operating officer, this week.
Darvey’s appointment was announced by Purplebricks last month as part of its interim results for the six months to the end of October.
It described him as a digital leader with over 20 years’ experience “successfully scaling a number of international consumer brands”.
It added: “He has held leadership roles across a number of highly competitive and disruptive businesses including lastminute.com
“Vic brings a proven record of technology delivery and leadership of cutting edge data-led, customer-focused, commercial innovation.”