TUI AG (the “Company”) announces that phantom share awards (“Awards”) were granted to its members of the Executive Board as set out in the table below under TUI AG’s Long Term Incentive Plans.
The Awards were granted with retroactive effect to 1 October 2018 at a base price of EUR 15.46 per share. This share price equals the average XETRA price of TUI AG shares over a period of 20 trading days prior to the date of grant.
Name of the PDMR
Corporate Body
Number of Awards
Friedrich Joussen
Executive Board
118,370
Birgit Conix
Executive Board
59,508
David Burling
Executive Board
59,508
Sebastian Ebel
Executive Board
59,508
Dr Elke Eller
Executive Board
56,274
Frank Rosenberger
Executive Board
49,483
The Awards were granted in accordance with the terms of the respective service contracts and will vest and be paid in cash subject to (i) a TSR and an EPS performance target, respectively, determined over a 4-year performance period; and (ii) the share price at the date of vesting.