Corporate ActionJun 17, 2026, 06:07 AM
Magnum Ice Cream Grants Stock Options to Executives
AI Summary
Magnum Ice Cream Co N.V. has announced the grant of stock options to several Persons Discharging Managerial Responsibilities (PDMRs) under its new 'Foundation Plan for Growth'. This plan aims to incentivize executives and align their rewards with the company's long-term success. Key executives, including the CEO, CFO, and regional presidents, received substantial option grants with exercise prices varying by currency (EUR 15.33, GBP 13.23, USD 17.82). Vesting is staggered over three and four years and is subject to performance conditions related to Total Shareholder Return (TSR) and continued personal investment.
Key Highlights
- Magnum Ice Cream Co N.V. granted stock options under the Foundation Plan to key executives.
- CEO Peter ter Kulve received options for 2,362,060 shares at an exercise price of EUR 15.33.
- CFO Abhijit Bhattacharya received options for 1,330,010 shares at an exercise price of EUR 15.33.
- President, Americas Gerardo Rozanski received options for 836,848 shares at an exercise price of USD 17.82.
- The Foundation Plan options vest over three and four years, contingent on shareholding and TSR performance.
- Option exercise price was determined by average closing share prices from June 9-15, 2026.
Price Impact
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