Director/PDMR Shareholding

Rhea-AI Summary

The Magnum Ice Cream Company N.V. (MICC) notified grants of replacement and performance share awards to PDMRs on 18 March 2026 under its Long Term Incentive Plan 2025 and 2026 PSP.

Award valuation used average closing prices: EUR 13.32, GBP 11.50, USD 15.38. Malus and clawback provisions apply. CEO Peter ter Kulve received 222,347 shares (aggregated value EUR 2,961,662.04); CFO Abhijit Bhattacharya received 153,198 shares (EUR 2,040,597.36).

News Market Reaction – MICC

-1.67%

1 alert

-1.67% News Effect

On the day this news was published, MICC declined 1.67%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Reference price (EUR): €13.32 Reference price (GBP): £11.50 Reference price (USD): $15.38 +5 more

8 metrics

Reference price (EUR) €13.32 Average closing share price 9–13 March 2026 for 2026 PSP awards

Reference price (GBP) £11.50 Average closing share price 9–13 March 2026 for 2026 PSP awards

Reference price (USD) $15.38 Average closing share price 9–13 March 2026 for 2026 PSP awards

CEO total awards 222,347 shares Total 2024/2025 replacement PSP and 2026 PSP awards to CEO

CEO grant value €2,961,662.04 Grant of share awards to CEO at €13.32 per share

CFO total awards 153,198 shares Total 2025 replacement PSP and 2026 PSP awards to CFO

CFO grant value €2,040,597.36 Grant of share awards to CFO at €13.32 per share

McKenzie-Gould awards 82,583 shares; €1,100,005.56 Grant of share awards to Chief Corporate Affairs & Sustainability Officer

Market Reality Check

Price: $14.74 Vol: Volume 1,344,889 vs 20-da...

normal vol

$14.74 Last Close

Volume Volume 1,344,889 vs 20-day average 1,419,241 (relative 0.95x). normal

Technical Price 15.61 trading below 200-day MA at 16.27, and 21.68% under 52-week high 19.93.

Peers on Argus

No peers in the momentum set for Packaged Foods; price move of -0.26% appears st...

No peers in the momentum set for Packaged Foods; price move of -0.26% appears stock-specific on available data.

Historical Context

5 past events · Latest: Mar 17 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 17	PDMR shareholding	Neutral	-0.3%	Initial PDMR shareholding disclosure for new Non-Executive Director Josh Frank.
Mar 06	PDMR shareholding	Neutral	+0.4%	CFO Abhijit Bhattacharya acquired 17,220 ordinary shares on NYSE.
Mar 04	PDMR shareholding	Neutral	+2.5%	President, Americas Gerardo Rozanski acquired 40,000 ordinary shares on NYSE.
Mar 03	PDMR shareholding	Neutral	-2.1%	Executives Rozanski and Seckin reported additional share purchases in NYSE and Amsterdam.
Mar 03	Director appointment	Neutral	-2.1%	Appointment of Josh Frank as Non-Executive Director effective 16 March 2026.

Pattern Detected

Recent news flow is dominated by routine PDMR dealings and a board appointment, with generally modest single-day price moves around these disclosures.

Recent Company History

Over recent weeks, Magnum Ice Cream Company’s disclosures have focused on PDMR share dealings and governance updates. Multiple senior executives, including the CFO and regional presidents, reported on‑market purchases of ordinary shares at prices around the mid‑teens in EUR and USD. A new Non‑Executive Director, Josh Frank, was appointed effective 16 March 2026, with a related shareholding notification on 17 March 2026. Price reactions to these items ranged between about -2.14% and +2.51%, suggesting the market has treated them as incremental rather than transformational news. The current large grant of share awards fits this PDMR-focused pattern.

Market Pulse Summary

This announcement details sizeable long-term share awards to senior management under replacement and...

Analysis

This announcement details sizeable long-term share awards to senior management under replacement and performance share plans, using reference prices of €13.32, £11.50 and $15.38 across listing venues. It follows a series of PDMR dealing and director appointment notices in recent weeks, reinforcing a focus on governance and insider alignment. Investors may monitor how frequently such awards occur, any future on‑market transactions by these executives, and how the stock trades relative to its 16.27 200-day moving average and €7.9 billion revenue scale disclosed in recent filings.

Key Terms

pdmrs, market abuse regulation 596/2014, legal entity identifier, long term incentive plan, +3 more

7 terms

pdmrs regulatory

"NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRS)"

PDMRs are senior executives, directors or other people with significant decision-making authority whose buying or selling of a company’s shares must be reported under market rules. Investors watch PDMR disclosures because these trades can reveal how confident those running the company are in its prospects and because reporting helps prevent unfair advantage; think of it as noting the captain’s moves to gauge confidence in a ship’s course.

market abuse regulation 596/2014 regulatory

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

Regulation 596/2014, known as the Market Abuse Regulation, is the European rulebook that bans insider trading and market manipulation and requires timely public disclosure of crucial company information. It matters to investors because it helps keep prices fair and trustworthy—like rules that stop players from cheating in a game—by forcing companies and insiders to be transparent and making unlawful trading easier to detect and punish.

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.

long term incentive plan financial

"granted under The Magnum Ice Cream Company Long Term Incentive Plan 2025"

A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.

performance share plan financial

"2024 and 2025 Replacement Performance Share Plan (PSP)"

A performance share plan grants company shares to employees or executives only if the business meets specific targets over a set period, so the reward depends on results rather than being automatic. For investors it matters because it aligns managers’ pay with company performance—like promising a team stock instead of cash if they hit goals—which can influence future share count, shareholder value, and how confidently management pursues growth.

share awards financial

"The Company notifies the following change in interests in the ordinary shares ... pursuant to the grant of the following share awards"

Share awards are company stock given to employees, executives or directors as part of their pay or incentive plan, often with conditions that delay full ownership until certain goals or time periods are met. They matter to investors because they tie management’s rewards to company performance—like giving a chef a stake in the restaurant—and can dilute existing shareholders when new shares are issued, affecting ownership and earnings per share.

malus and clawback financial

"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. Not financial advice.

The Magnum Ice Cream Company N.V.

(TMICC or the Company)

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRS)

The Company notifies the following change in interests in the ordinary shares of €3.50 each (Shares) of PDMRs, arising pursuant to the grant of the following share awards:

      (a)   2024 and 2025 Replacement Annual Share Plan (ASP) and 2024 and 2025 Replacement Performance Share Plan (PSP)

The replacement awards are share awards for employees (including Directors) who, at the time of the Demerger, held unvested awards under the Unilever Share Plan 2017. These replacement awards are granted under The Magnum Ice Cream Company Long Term Incentive Plan 2025 over TMICC Shares on substantially equivalent terms and with a value equivalent to the Unilever shares subject to the relevant Unilever award that lapsed due to the application of time pro-rating.

      (b)   2026 PSP

Awards are intended to reward contributions to Company performance over a sustained period and are subject to the achievement of pre-set performance conditions.

The number of Shares granted was determined by taking the average closing share prices (on Euronext Amsterdam, London Stock Exchange and New York Stock Exchange) for the period 9 to 13 March 2026 inclusive, (being EUR13.32, GBP11.50 and USD15.38 respectively).

Malus and clawback provisions apply to all awards

Directors	2024 Replacement PSP	2025 Replacement PSP	2026 PSP	Total Share Awards
Peter ter Kulve	21,731	31,697	168,919	222,347
Abhijit Bhattacharya	0	54,661	98,537	153,198
Other PDMRs
Ronald Schellekens	0	38,587	54,348	92,935
Gerardo Rozanski	10,386	15,812	52,666	78,864
Mustafa Seckin	6,787	10,236	52,553	69,576
Wai Fung Loh	7,259	9,945	47,186	64,390
Sandeep Desai	3,555	7,804	36,957	48,316
Julien Barraux	5,440	7,712	33,784	46,936
Victoria Mckenzie-Gould	0	0	33,784	82,5831
Toloy Tahir Tanridagli	3,095	6,962	33,784	43,841
Vanessa Vilar	2,383	3,658	26,277	32,318
Mark O’ Brien	0	7,203	12,600	19,803
Tim Gunning	0	0	6,607	9,1102

1. ^{Includes 48,799 relating to recruitment awards.}
2. ^{Includes 2,503 shares relating to 2024 and 2025 Replacement ASP}

       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
	18-MAR- 2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			13.32	222,347.00	2,961,662.04
		Aggregated		13.32	222,347.00	2,961,662.04

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
	18-MAR-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			13.32	153,198	2,040,597.36
		Aggregated		13.32	153,198	2,040,597.36

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
	18-MAR-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	GBP
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			11.50	92,935.00	1,068,752.50
		Aggregated		11.50	92,935.00	1,068,752.50

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
	18-MAR-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	GBP
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			11.50	26,198	301,277
		Aggregated		11.50	26,198	301,277
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	18-MAR-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	USD
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			15.38	52,666	810,003.08
		Aggregated		15.38	52,666	810,003.08

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 Europe and 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
	18-MAR- 2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	GBP
	Nature of Transaction			Price	Volume	Total
	Grant of Shre Awards			11.50	6,787	78,050.50
		Aggregated		11.50	6,787	78,050.50
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	18-MAR- 2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			13.32	62,789	836,349.48
		Aggregated		13.32	62,789	836,349.48

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
	18-MAR-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	GBP
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			11.50	17,204	197,846.00
		Aggregated		11.50	17,204	197,846.00
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	18-MAR-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			13.32	47,186	628,517.52
		Aggregated		13.32	47,186	628,517.52

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
	18-MAR-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	GBP
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			11.50	48,316	555,634.00
		Aggregated		11.50	48,316	555,634.00

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
	18-MAR-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			13.32	46,936	625,187.52
		Aggregated		13.32	46,936	625,187.52

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name of natural person		Victoria McKenzie-Gould
2	Reason for the notification
a)	Position/status		Chief Corporate Affairs & Sustainability 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
	18-MAR-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			13.32	82,583	1,100,005.56
		Aggregated		13.32	82,583	1,100,005.56

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, Middle East, Turkey and South 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
	18-MAR-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	GBP
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			11.50	10,057	115,655.50
		Aggregated		11.50	10,057	115,655.50
	Date of Transaction	Description of Instrument		Identification Code	Place of Transaction	Currency
	18-MAR-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			13.32	33,784.00	450,002.88
		Aggregated		13.32	33,784.00	450,002.88

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
	18-MAR-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			13.32	32,318.00	430,475.76
		Aggregated		13.32	32,318.00	430,475.76

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 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
	18-MAR-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	GBP
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			11.50	19,803	227,734.50
		Aggregated		11.50	19,803	227,734.50

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
	18-MAR-2026	Ordinary shares of €3.50 each		ISIN: NL0015002MS2	Outside a trading venue	EUR
	Nature of Transaction			Price	Volume	Total
	Grant of Share Awards			13.32	9,110	121,345.20
		Aggregated		13.32	9,110	121,345.20

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

What did MICC announce on 18 March 2026 about director share awards?

MICC announced grants of replacement ASP/PSP and 2026 PSP awards to PDMRs on 18 March 2026. According to the company, awards mirror prior Unilever awards with time pro-rating and include malus and clawback provisions.

How many shares did MICC CEO Peter ter Kulve receive in the 2026 award (MICC)?

Peter ter Kulve was granted a total of 222,347 shares as aggregated awards. According to the company, the aggregated value reported is EUR 2,961,662.04 based on the EUR 13.32 price used.

What prices were used to value MICC 2026 PSP awards on 9-13 March 2026?

Awards used average closing prices of EUR 13.32, GBP 11.50, USD 15.38 for 9–13 March 2026. According to the company, those averages determined the number of shares granted to PDMRs.

How many shares did MICC CFO Abhijit Bhattacharya receive and what is the reported value?

Abhijit Bhattacharya received 153,198 shares under the awards announced on 18 March 2026. According to the company, the aggregated reported value is EUR 2,040,597.36 using the stated pricing.

Do MICC executive awards include recovery provisions and replacement terms?

Yes. The awards include malus and clawback recovery provisions and replace unvested Unilever awards with time pro-rating. According to the company, replacement awards match the previous awards' value on equivalent terms.