Award of phantom shares under TUI AG’s Long Term Incentive Plans
TUI AG (the “Company”) announces that phantom share awards (“Awards”) were granted to its members of the Executive Board and Mr Wolfgang Flintermann, a member of the Company’s Supervisory Board, as set out in the table below under its Long Term Incentive Plans.
The Awards were granted with retroactive effect to 1 October 2017 at a base price of EUR 14.60[1] per share.
Name of the PDMR |
Corporate Body |
Number of Awards |
Friedrich Joussen |
Executive Board |
125,342 |
Horst Baier |
Executive Board |
10,274[2] |
David Burling |
Executive Board |
63,014 |
Sebastian Ebel |
Executive Board |
63,014 |
Dr Elke Eller |
Executive Board |
52,740 |
Frank Rosenberger |
Executive Board |
52,397 |
Wolfgang Flintermann |
Supervisory Board |
8,219 |
The Awards were granted under the terms and conditions of the respective service contracts. The vesting of the Awards is depending on the performance criteria specified by the respective service contracts and the price of TUI AG shares.
[1] Average XETRA price of TUI AG shares over the 20 trading days prior to the date of grant.
[2] In addition to further 46,233 Awards received on 1 October 2017 (as announced on 5 October 2017).