Friedrich Joussen
Executive Board
119741
Horst Baier
Executive Board
54612
David Burling
Executive Board
40453
Sebastian Ebel
Executive Board
40453
Dr Elke Eller
Executive Board
33981
Wolfgang Flintermann 2
Supervisory Board
9709
The Awards granted to the Executive Board members were granted in accordance with the terms of their respective service contracts and will vest and be paid in cash subject to (i) a TSR performance target determined over a 4-year performance period; and (ii) the share price at the date of vesting.
The Award granted to Mr Flintermann was made under the Senior Management Long Term Incentive Plan with the same performance conditions but measured over a three year period rather than four.
In addition, the Supervisory Board also resolved to settle the award over 161,859 phantom shares granted to Peter Long under TUI AG´s Long Term Incentive Plan for the period 01 October 2014 to 09 February 2016 at a price of € 12.50 per share.
1 Average XETRA price of TUI AG shares over the 20 trading days prior to the date of grant.
2 Wolfgang Flintermann is an Employee Representative on the Supervisory Board and is, according to his role as Group Director Accounting, entitled to participate in a Senior Management LTIP scheme.