Free share allocation for the Chief Executive Officer of Natixis Board of Directors’ decision of May 28, 2019
29 Mai 2019 - 5:40PM
Free share allocation for the Chief Executive Officer of Natixis
Board of Directors’ decision of May 28, 2019
Paris, May 29th, 2019
PRESS RELEASE
Free share allocation for the Chief
Executive Officer of Natixis Board of Directors’ decision of
May 28, 2019
On May 28, 2019, based on the positive opinion
of the Compensation Committee, and as authorized by Natixis'
General Shareholders' Meeting held on May 24, 2016 in its 19th
resolution, Natixis' Board of Directors granted performance shares
to the members of the Senior Management Committee. 31 708
performance shares are allocated to the Chief Executive Officer,
which can lead to a maximum acquisition of 38 049 shares, depending
on the attainment of the performance condition. The shares will
only be vested at the end of a four-year period and subject to
performance and presence conditions. The vesting of the shares is
subject to the relative performance (Total Shareholder Return) of
Natixis’ share against the Euro Stoxx Banks index. It
also depends on the Natixis ESR performance.
Furthermore, 30% of the shares delivered to the
Chief Executive Officer at the end of the Vesting Period will be
subject to a lock-in period ending upon the termination of any
Chief Executive office within BPCE Group.
- AGA DG NATIXIS VA_28-05-19