Execution of Phantom Shares Awards under a TUI AG Long Term Incentive Plan
TUI AG (the “Company”) announces that Mr Sebastian Ebel, a member of the Company’s Executive Board, and Mr Wolfgang Flintermann, a member of the Company’s Supervisory Board, have, respectively, exercised phantom share awards (“awards”) as set out in the table below on 8 January 2018 granted under a Long Term Incentive Plan.
The cash payments due will be calculated by reference to the average closing share price for TUI AG on the Frankfurt Stock Exchange over a period of 20 trading days immediately following the date of exercise of the award.
Name of PDMR |
Corporate Body |
Number of Awards |
Sebastian Ebel |
Executive Board |
6,275 |
Wolfgang Flintermann |
Supervisory Board |
9,678 |