Director/PDMR Shareholding

Magnum Ice Cream Company (MICC) notified PDMR share transactions following vesting of awards and recent acquisitions on 12-17 Feb 2026.

Rhea-AI Summary

Magnum Ice Cream Company (MICC) notified PDMR share transactions following vesting of awards and recent acquisitions on 12-17 Feb 2026. CEO Peter ter Kulve retained 27,119 shares; CFO Abhijit Bhattacharya acquired 32,000 shares in two trades (22,000 and 10,000). Malus and clawback provisions apply to all awards.

Several PDMRs sold shares to cover tax liabilities (e.g., Mark O’Brien 2,193; Ronald Schellekens 3,369). Transactions occurred on XAMS and XLON in EUR and GBP.

Positive

• CFO purchase of 32,000 shares signals executive buying
• CEO retained 27,119 vested shares after performance adjustment
• Multiple PDMRs received vested awards across regions (605–32,000 volumes shown)

Negative

• Tax-related disposals sold 2,193 (Mark O’Brien) and 3,369 (Ronald Schellekens)
• Some PDMRs sold vested shares for tax liabilities (e.g., Tim Gunning 895; Toloy Tanridagli 506)
• Malus and clawback provisions remain applicable to all awards

Argus Feb 17 session

-5.47% close to close Open Argus

Details

News Market Reaction – MICC

On Feb 17, the day this news came out, MICC closed 5.47% below the previous close.

Data tracked by StockTitan Argus for the Feb 17 session.

Key Figures

Nominal share value: €3.50 Shares acquired: 32,000 shares Shares acquired: 8,296 shares +5 more

Nominal share value

€3.50

Ordinary shares referenced across all PDMR transactions

Shares acquired

32,000 shares

Acquisition by CFO Abhijit Bhattacharya on PDMR notification

Shares acquired

8,296 shares

Acquisition by PDMR Sandeep Desai on 17-FEB-2026

Performance adjustment

27,119 shares

Total shares vested/retained by CEO Peter ter Kulve

Acquisition price

€16.398

Performance adjustment acquisitions on XAMS for several PDMRs

Acquisition price

£14.265

Performance adjustment acquisitions on XLON for several PDMRs

Acquisition

22,000 shares at €13.820

CFO Abhijit Bhattacharya purchase on 16-FEB-2026 on XAMS

Acquisition

10,000 shares at €13.85

CFO Abhijit Bhattacharya purchase on 17-FEB-2026 on XAMS

Historical Context

5 past events · Latest: Feb 13

5 events

1. Feb 13

   Insider acquisitions

   24h Move

   +3.2%

   Multiple directors and PDMRs acquired 90,981 shares on 12-Feb-2026.

2. Feb 12

   Full-year results

   24h Move

   -17.9%

   FY2025 showed weaker operating profit and free cash flow despite revenue growth.

3. Dec 31

   Insider acquisition

   24h Move

   -0.3%

   Chief Legal Officer bought 7,491 shares on Amsterdam at €13.35.

4. Dec 24

   CEO/CFO buying

   24h Move

   -0.3%

   CEO and CFO acquired large share blocks on Amsterdam in late Dec 2025.

5. Dec 22

   Share awards grant

   24h Move

   -0.3%

   New share awards granted to senior managers under long-term plans.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

market abuse regulation, legal entity identifier, isin, disposal – tax liability, +2 more

6 terms

market abuse regulation regulatory

"made in accordance with the requirements of the EU and UK version of the Market Abuse Regulation 596/2014"

Market abuse regulation consists of laws and rules designed to prevent dishonest or manipulative practices in financial markets. It aims to ensure fair and transparent trading, so investors can trust that markets operate honestly, much like rules that keep a game fair. By reducing unfair advantages, it helps protect investor confidence and promotes healthy, efficient markets.

legal entity identifier regulatory

"Legal Entity Identifier code | 25490052LLF3XH6G9847"

A legal entity identifier (LEI) is a unique, standardized code that functions like a global ID card for businesses and organizations involved in financial markets. It helps investors and regulators reliably identify who is on the other side of a deal, trace ownership and links between firms, and reduce confusion or fraud — improving transparency for reporting, risk assessment, and cross-border trades.

isin regulatory

"Identification Code | ISIN: NL0015002MS2"

A 12-character International Securities Identification Number (ISIN) is a unique code that acts like a passport for a specific stock, bond or other tradable security so it can be identified worldwide. Investors and systems use it to ensure they are buying, selling and tracking the exact same instrument across exchanges and data feeds, which prevents costly mix-ups and makes portfolio reporting, settlement and regulatory checks simpler and more reliable.

View in glossary

disposal – tax liability financial

"Nature of Transaction | | Price | Volume | Total Disposal – Tax Liability | 14.055 | 895 | 12,579.22"

When a company sells or otherwise gets rid of an asset, the resulting tax liability is the tax it must pay on any taxable profit (or may recover if there’s a loss). Like selling a used car for more than you paid and owing tax on the gain, this liability can affect the company’s cash flow and reported earnings immediately or create timing differences that show up as deferred tax on the balance sheet.

acquisition – performance adjustment financial

"Nature of Transaction | | Price | Volume | Total Acquisition – Performance Adjustment | 16.398 | 605 | 9,920.79"

An acquisition – performance adjustment is a clause in a deal that changes the final price the buyer pays depending on how the acquired business actually performs after the sale, often tied to revenue, profit, or other measurable targets. For investors, it matters because it shifts value and risk between buyer and seller—similar to paying more for a car if it later proves to meet a promised mileage—so it affects expected future cash flows, reported earnings and the likelihood of additional payments or write-downs.

malus and clawback regulatory

"Malus and clawback provisions apply to all awards."

Malus and clawback are rules that let a company reduce or recover pay previously promised or already paid to executives or insiders when performance, misconduct, or accounting problems occur. Think of malus as withholding future bonuses before they are paid and clawback as reclaiming money already given, like a landlord keeping or returning part of a security deposit; investors care because these protections help align management incentives with long-term company health and can limit financial and reputational risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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The Magnum Ice Cream Company N.V.

(TMICC or the Company)

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRS)

The Company notifies changes in ordinary shares of €3.50 each (Shares) of PDMRs, pursuant to the vesting of following share awards.

Director	Performance Adjustment	Number of Shares Sold for Tax Liability	Total Number of Shares Vested/ Retained
Peter ter Kulve	1,699	0	27,119
Other PDMRs
Julien Barraux	286	0	6,662
Sandeep Desai	178	0	5,707
Wai-Fung Loh	397	0	8,640
Tim Gunning	19	895	913
Mark O’Brien	0	2,193	2,472
Gerardo Rozanski	624	0	12,581
Ronald Schellekens	0	3,369	3,799
Mustafa Seckin	371	0	8,073
Toloy Tahir Tanridagli	337	506	5,271
Vanessa Vilar	114	0	2,403

Malus and clawback provisions apply to all awards.

In addition to the above, the Company was also notified of the following acquisitions.

Director	Number of Shares Acquired
Abhijit Bhattacharya	32,000
Other PDMR
Sandeep Desai	8,296

This announcement is made in accordance with the requirements of the EU and UK version of the Market Abuse Regulation 596/2014. 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Peter ter Kulve
2	Reason for the notification
a)	Position/status		Chief Executive Officer
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	12-FEB-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Amsterdam Stock Exchange - XAMS	EUR
	Nature of Transaction			Price	Volume	Total
	Acquisition – Performance Adjustment			16.398	605	9,920.79
		Aggregated		16.398	605	9,920.79
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	12-FEB-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	London Stock Exchange - XLON	GBP
	Nature of Transaction			Price	Volume	Total
	Acquisition – Performance Adjustment			14.265	1,094	15,605.91
		Aggregated		14.265	1,094	15,605.91

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Julien Barraux
2	Reason for the notification
a)	Position/status		Chief Creative Officer
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	12-FEB-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Amsterdam Stock Exchange - XAMS	EUR
	Nature of Transaction			Price	Volume	Total
	Acquisition – Performance Adjustment			16.398	286	4,689.83
		Aggregated		16.398	286	4,689.83

	Date of Transaction	Description of Instrument	Identification Code	Place of Transaction	Currency
	13-FEB-2026	Ordinary shares of €3.50 each	ISIN: NL0015002MS2	Amsterdam Stock Exchange - XAMS	EUR
	Nature of Transaction		Price	Volume	Total
	Correction of Acquisition Price		13.8240	353	4,879.87
			13.8220	1,359	18,784.10
			13.8200	2,288	31,620.16
		Aggregated	13.8222	4,000	55,284.13

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Sandeep Desai
2	Reason for the notification
a)	Position/status		Chief Supply Chain Officer
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	12-FEB-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	London Stock Exchange - XLON	GBP
	Nature of Transaction			Price	Volume	Total
	Acquisition – Performance Adjustment			14.265	178	2,539.17
		Aggregated		14.265	178	2,539.17
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	17-FEB-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	London Stock Exchange - XLON	GBP
	Nature of Transaction			Price	Volume	Total
	Acquisition			12.0528	8,296	99,990.03
		Aggregated		12.0528	8,296	99,990.03

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Wai-Fung Loh
2	Reason for the notification
a)	Position/status		President Asia
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	12-FEB-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	London Stock Exchange - XLON	GBP
	Nature of Transaction			Price	Volume	Total
	Acquisition – Performance Adjustment			14.265	397	5,663.20
		Aggregated		14.265	397	5,663.20

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Tim Gunning
2	Reason for the notification
a)	Position/status		Chief of Staff & Head of Strategy
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	12-FEB-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Amsterdam Stock Exchange - XAMS	EUR
	Nature of Transaction			Price	Volume	Total
	Acquisition – Performance Adjustment			14.055	19	267.04
		Aggregated		14.055	19	267.04
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	12-FEB-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Amsterdam Stock Exchange - XAMS	EUR
	Nature of Transaction			Price	Volume	Total
	Disposal – Tax Liability			14.055	895	12,579.22
		Aggregated		14.055	895	12,579.22

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Mark O’Brien
2	Reason for the notification
a)	Position/status		Chief Technology and Information Officer
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	12-FEB-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	London Stock Exchange - XLON	GBP
	Nature of Transaction			Price	Volume	Total
	Disposal – Tax Liability			12.340	2,193	27,061.62
		Aggregated		12.340	2,193	27,061.62

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Gerardo Rozanski
2	Reason for the notification
a)	Position/status		President Americas
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	12-FEB-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	London Stock Exchange - XLON	GBP
	Nature of Transaction			Price	Volume	Total
	Acquisition – Performance Adjustment			14.265	624	8,901.36
		Aggregated		14.265	624	8,901.36

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Ronald Schellekens
2	Reason for the notification
a)	Position/status		Chief Human Resources Officer
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	12-FEB-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	London Stock Exchange - XLON	GBP
	Nature of Transaction			Price	Volume	Total
	Disposal – Tax Liability			12.340	3,369	41,573.46
		Aggregated		12.340	3,369	41,573.46

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Mustafa Seckin
2	Reason for the notification
a)	Position/status		President of Europe, Australia & New Zealand
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	12-FEB-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	London Stock Exchange - XLON	GBP
	Nature of Transaction			Price	Volume	Total
	Acquisition – Performance Adjustment			14.265	371	5,292.32
		Aggregated		14.265	371	5,292.32

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Toloy Tahir Tanridagli
2	Reason for the notification
a)	Position/status		President of Middle East, Turkey, South Asia and Africa
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	12-FEB-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	London Stock Exchange - XLON	EUR
	Nature of Transaction			Price	Volume	Total
	Acquisition – Performance Adjustment			12.340	337	4,158.58
		Aggregated		12.340	337	4,158.58
	Nature of Transaction			Price	Volume	Total
	Disposal – Tax Liability			12.340	506	6,244.04
		Aggregated		12.340	506	6,244.04

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Vanessa Vilar
2	Reason for the notification
a)	Position/status		Chief Legal Officer
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	12-FEB-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Amsterdam Stock Exchange - XAMS	EUR
	Nature of Transaction			Price	Volume	Total
	Acquisition – Performance Adjustment			16.398	114	1,869.37
		Aggregated		16.398	114	1,869.37

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Abhijit Bhattacharya
2	Reason for the notification
a)	Position/status		Chief Financial Officer
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		The Magnum Ice Cream Company N.V.
b)	Legal Entity Identifier code		25490052LLF3XH6G9847
4	Details of the transaction(s) summary table
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	16-FEB-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Amsterdam Stock Exchange - XAMS	EUR
	Nature of Transaction			Price	Volume	Total
	Acquisition			13.820	22,000	304,040
		Aggregated		13.820	22,000	304,040
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	17-FEB-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Amsterdam Stock Exchange - XAMS	EUR
	Nature of Transaction			Price	Volume	Total
	Acquisition			13.85	10,000	138,500
		Aggregated		13.85	10,000	138,500

Enquiries
Media Relations media.relations-tmicc@magnumicecream.com	Investor Relations investor.relations-tmicc@magnumicecream.com

About The Magnum Ice Cream Company

We are the world’s largest ice cream company, headquartered in Amsterdam, The Netherlands and listed on Euronext Amsterdam, the London Stock Exchange and the New York Stock Exchange. Home to four of the world’s five largest ice cream brands, with a global team of 16,500 employees, operating thirty factories, twelve R&D centres and a fleet of three million freezer cabinets, we generated €7.9 billion in revenue in 2025. From Magnum and Ben & Jerry’s to Cornetto and the Heartbrand, our ice cream portfolio delights consumers in eighty markets around the world. TMICC’s legal entity identifier is 25490052LLF3XH6G9847. For more information, visit www.corporate.magnumicecream.com.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did MICC announce about CEO Peter ter Kulve's shareholding on 17 Feb 2026?

Peter ter Kulve retained 27,119 shares after vesting. According to the company, the retention followed a performance adjustment and is subject to malus and clawback provisions, with transactions recorded on Amsterdam and London exchanges on 12-17 Feb 2026.

How many shares did MICC CFO Abhijit Bhattacharya acquire and when were the trades?

Abhijit Bhattacharya acquired 32,000 shares in two trades on 16-17 Feb 2026. According to the company, purchases were 22,000 at €13.820 on 16 Feb and 10,000 at €13.85 on 17 Feb on XAMS, totaling 32,000 shares.

Which MICC directors sold shares to cover tax liabilities and what volumes were sold?

Several PDMRs sold shares for tax: Mark O’Brien 2,193, Ronald Schellekens 3,369, Tim Gunning 895. According to the company, these disposals were recorded as 'Disposal – Tax Liability' on 12 Feb 2026.

Did any MICC executive make additional acquisitions besides vesting-related awards in February 2026?

Yes. Sandeep Desai acquired 8,296 shares on 17 Feb 2026 in addition to vesting. According to the company, that acquisition was executed on XLON at an aggregated price of £12.0528 per share, totaling £99,990.03.

Are the vested awards at MICC subject to clawback or malus rules?

Yes, all vested awards are subject to malus and clawback provisions. According to the company, these governance provisions apply to every award listed in the notification and may affect future retention or recovery of shares.

Where and in what currencies were the MICC PDMR transactions executed on 12-17 Feb 2026?

Transactions occurred on Amsterdam (XAMS) and London (XLON) exchanges in EUR and GBP. According to the company, trades include XAMS in EUR (e.g., €13.82–€16.398) and XLON in GBP (e.g., £12.340–£14.265) across those dates.