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
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).
Furthermore, the Company announces that Awards granted under its Executive Board Long Term Incentive Plan vested on 30 September 2017 and became payable on 12 December 2017 after the adoption of the annual accounts for the financial year 2016/17, as set out in the table below.
The Awards, which will be paid out in cash, vested at a value of EUR 14.60
[1] per share.
Name of the PDMR
Corporate Body
Number of Awards
Friedrich Joussen
Executive Board
56,164
Horst Baier
Executive Board
53,743
The Awards vested and became payable in accordance with the terms and conditions of the respective service contracts.
[1] Average XETRA price of TUI AG shares over the 20 trading days prior to the date of vesting.