NATIXIS :Free share allocation for the Chief Executive Officer of Natixis Board of Director's decision of April 13, 2018
13 Avril 2018 - 5:35PM
Paris, April 13th, 2018
Free share
allocation for the Chief Executive Officer of Natixis Board of
Directors' decision of April 13, 2018
On April 13, 2018, based on the positive opinion
of the Compensation Committee, and as authorized by Natixis'
General Shareholders' Meeting held on May 24, 2016 in its 20th
resolution, Natixis' Board of Directors granted free shares to
certain categories of employees. Out of the 84 775 shares granted
to the Chief Executive Officer, 28 258 shares will only be vested
in March 2020 and 56 517 shares in March 2021, all subject to
a 6-month lock-in period as well as to performance conditions being
assessed on the basis of the Operating Income of Natixis, defined
as the Gross Operating Income after deduction of variable
remunerations and cost of risk, and on Natixis' compliance with its
regulatory obligations in terms of capital requirements.
Furthermore, 30% of the shares delivered to the Chief Executive
officer of Natixis at the end of the vesting period will be subject
to a lock-in period ending upon the termination of his office.
AGA LM 13-04-2018 PDF
version
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Source: NATIXIS via Globenewswire