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Officers and employees of International Container Terminal Services, Inc. were given shares worth a total of about P1.45 billion under the company’s Stock Incentive Plan
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Shares were issued out of the company’s Treasury Shares
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The payout consists of 2,250,683 shares at P646 apiece
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It comes as ICTSI is in a position as the Philippine Stock Exchange’s most valuable listed company
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ICTSI shares broke through the P600 level in late 2025 and has since been on an uptrend; it closed at P709 apiece on March 3
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ICTSI currently has about 11,000 employees globally
Officers and employees of International Container Terminal Services, Inc. (ICTSI) were given shares worth a total of about P1.45 billion under the company’s Stock Incentive Plan.
“The transaction covered herein is not a sale of treasury shares to the public but rather an award of shares to certain officers and employees of the ICTSI Group that have vested under the Company’s Stock Incentive Plan,” the company said in a regulatory disclosure on March 3.
These shares were issued out of the company’s Treasury Shares.
The payout – consisting of 2,250,683 shares at P646 apiece – comes as ICTSI is in a position as the Philippine Stock Exchange’s most valuable listed company, having the highest market value record as its market capitalization surged to as much as P1.5 trillion.
READ: ICTSI Jan-Sept income rose 19% on volume, port operations growth
ICTSI shares broke through the P600 level in late 2025 and has since been on an uptrend. It close at P709 apiece on March 3.
The country’s biggest port operator last issued shares to employees in March last year, valued at P332.31 apiece.
The 35-year old firm led by Enrique Razon Jr. currently operates 32 terminal across 19 countries, with about 11,000 employees globally.
READ: ICTSI’s Melbourne unit gets 26-year contract extension
