Wizz Air Omnibus Plan award grants
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your WIZZ notes
Geneva, 20 November 2024 - Wizz Air Holdings Plc ("Wizz Air" or the "Company"), one of the most sustainable European airlines, announces the granting and amendment of awards under Omnibus Share Plan ("Omnibus Plan") to a number of persons discharging management responsibilities ("PDMRs").
Senior Leadership Growth Plan Awards
On 18 November 2024, following approval by the Company's remuneration committee from 5 November 2024, Wizz Air made the following amendment to one Senior Leadership Growth Plan Award ("SLGP Award") granted on 30 May 2024 and made a grant of options ("Options") under the SLGP Awards for several PDMRs as per below:
- Increased the number of ordinary shares under the SLGP Award granted on the 30 May 2024 to Ervin Banyai by 4,752 (which had been incorrectly granted due to a clerical error), meaning the total number of shares under award for the PDMR was 9,504.
- Granted over 21,384 ordinary shares in the capital of Wizz Air of £0.0001 par value (identification code JE00BN574F90) to PDMRs as set out below.
SLGP Awards were amended and granted for the following PDMRs:
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Ervin Banyai | |
| 2. | Reason for the notification | ||
| a) | Position / status | Digital Officer | |
| b) | Initial notification / amendment | Amendment | |
| 3. | Details of the issuer | ||
| a) | Name | Wizz Air Holdings Plc | |
| b) | Legal entity identifier | 213800COXGZCORLJZA85 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.0001 each | |
| Identification code | JE00BN574F90 | ||
| b) | Nature of the transaction | Grant of Performance Options | |
| c) | Currency | British Pounds | |
| d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| NIL | 9,504 | ||
| e) | Aggregated information · Aggregated volume · Price | 9,504 NIL | |
| f) | Date of the transaction | 18 November 2024 | |
| g) | Place of the transaction | N/A | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Diarmuid O'Conghaile | |
| 2. | Reason for the notification | ||
| a) | Position / status | Chief Operations Officer | |
| b) | Initial notification / amendment | Initial notification | |
| 3. | Details of the issuer | ||
| a) | Name | Wizz Air Holdings Plc | |
| b) | Legal entity identifier | 213800COXGZCORLJZA85 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.0001 each | |
| Identification code | JE00BN574F90 | ||
| b) | Nature of the transaction | Grant of Performance Options | |
| c) | Currency | British Pounds | |
| d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| NIL | 2,376 | ||
| e) | Aggregated information · Aggregated volume · Price | 2,376 NIL | |
| f) | Date of the transaction | 18 November 2024 | |
| g) | Place of the transaction | N/A | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Mauro Jose Aguiar Peneda | |
| 2. | Reason for the notification | ||
| a) | Position / status | Managing Director Wizz Air Malta | |
| b) | Initial notification / amendment | Initial notification | |
| 3. | Details of the issuer | ||
| a) | Name | Wizz Air Holdings Plc | |
| b) | Legal entity identifier | 213800COXGZCORLJZA85 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.0001 each | |
| Identification code | JE00BN574F90 | ||
| b) | Nature of the transaction | Grant of Performance Options | |
| c) | Currency | British Pounds | |
| d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| NIL | 4,752 | ||
| e) | Aggregated information · Aggregated volume · Price | 4,752 NIL | |
| f) | Date of the transaction | 18 November 2024 | |
| g) | Place of the transaction | N/A | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Piotr Trawka | |
| 2. | Reason for the notification | ||
| a) | Position / status | Network Officer | |
| b) | Initial notification / amendment | Initial notification | |
| 3. | Details of the issuer | ||
| a) | Name | Wizz Air Holdings Plc | |
| b) | Legal entity identifier | 213800COXGZCORLJZA85 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.0001 each | |
| Identification code | JE00BN574F90 | ||
| b) | Nature of the transaction | Grant of Performance Options | |
| c) | Currency | British Pounds | |
| d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| NIL | 4,752 | ||
| e) | Aggregated information · Aggregated volume · Price | 4,752 NIL | |
| f) | Date of the transaction | 18 November 2024 | |
| g) | Place of the transaction | N/A |
The SLGP Awards, which are one-off awards, will be subject to the following performance conditions:
100% of an SLGP Award will vest if the Company's share price is £119.34 (the "Share Price Target") at the end of the Performance Period[1]. The threshold for an SLGP Award to vest is a Company share price of £77.24 under which 0% of the SLGP Award vests with straight line vesting in between these two points. If prior to the end of the Performance Period, the Share Price Target is met or exceeded over any two consecutive quarters, based on the VWAP over that period, then, subject to the Omnibus Plan rues, the SLGP Award will vest in full on the normal vesting date.
Long-Term Incentive Plan Awards
On 18 November 2024, following approval by the Company's Remuneration Committee from 5 November 2024, Wizz Air made a grant of options ("Options") under the Omnibus Plan as Long-Term Incentive Plan awards ("LTIP Awards"), over 44,771 ordinary shares in the capital of Wizz Air of £0.0001 par value (identification code JE00BN574F90) to PDMRs as set out below.
The following PDMRs were granted LTIP Awards:
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Diarmuid O'Conghaile | |
| 2. | Reason for the notification | ||
| a) | Position / status | Chief Operations Officer | |
| b) | Initial notification / amendment | Initial notification | |
| 3. | Details of the issuer | ||
| a) | Name | Wizz Air Holdings Plc | |
| b) | Legal entity identifier | 213800COXGZCORLJZA85 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.0001 each | |
| Identification code | JE00BN574F90 | ||
| b) | Nature of the transaction | Grant of Performance Options | |
| c) | Currency | British Pounds | |
| d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| NIL | 11,607 | ||
| e) | Aggregated information · Aggregated volume · Price | 11,607 NIL | |
| f) | Date of the transaction | 18 November 2024 | |
| g) | Place of the transaction | N/A | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Mauro Jose Aguiar Peneda | |
| 2. | Reason for the notification | ||
| a) | Position / status | Managing Director Wizz Air Malta | |
| b) | Initial notification / amendment | Initial notification | |
| 3. | Details of the issuer | ||
| a) | Name | Wizz Air Holdings Plc | |
| b) | Legal entity identifier | 213800COXGZCORLJZA85 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.0001 each | |
| Identification code | JE00BN574F90 | ||
| b) | Nature of the transaction | Grant of Performance Options | |
| c) | Currency | British Pounds | |
| d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| NIL | 16,582 | ||
| e) | Aggregated information · Aggregated volume · Price | 16,582 NIL | |
| f) | Date of the transaction | 18 November 2024 | |
| g) | Place of the transaction | N/A | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Piotr Trawka | |
| 2. | Reason for the notification | ||
| a) | Position / status | Network Officer | |
| b) | Initial notification / amendment | Initial notification | |
| 3. | Details of the issuer | ||
| a) | Name | Wizz Air Holdings Plc | |
| b) | Legal entity identifier | 213800COXGZCORLJZA85 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.0001 each | |
| Identification code | JE00BN574F90 | ||
| b) | Nature of the transaction | Grant of Performance Options | |
| c) | Currency | British Pounds | |
| d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| NIL | 16,582 | ||
| e) | Aggregated information · Aggregated volume · Price | 16,582 NIL | |
| f) | Date of the transaction | 18 November 2024 | |
| g) | Place of the transaction | N/A |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.