By Adriano Marchese

Barclays PLC said Tuesday that the release of long-term incentive plan awards for its two executives has been delayed due to the coronavirus pandemic.

The U.K. bank said that Group Chief Executive Officer Jes Staley and Group Finance Director Tushar Morzaria have supported the decision of the remuneration committee to push back the vesting date of the first portion of the LTIP to March 8, 2021. This portion of their 2017 LTIP awards was originally set to vest in June 2020.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

April 14, 2020 10:15 ET (14:15 GMT)

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