BioNTech (BNTX) CCO awarded options and 10,069 performance share units
Rhea-AI Filing Summary
BioNTech SE Chief Commercial Officer Annemarie Hanekamp received new equity-based compensation awards. She was granted 10,069 performance share units and options on 12,586 ordinary shares, both with no upfront purchase price. The options have an exercise price of EUR 89.38 and may be settled in shares, ADSs, or cash at the supervisory board’s election. Both the options and PSUs vest in equal annual installments over four years starting on the first anniversary of the grant date and become exercisable four years after grant, subject to performance and service conditions.
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Insights
Routine equity grants tie the CCO’s pay to long-term share performance.
The reporting person received 10,069 performance share units and options over 12,586 ordinary shares as compensation, rather than buying or selling stock in the market. The options carry an exercise price of EUR 89.38 per share.
Both awards vest annually over four years from the first anniversary of the grant date and become exercisable four years after grant, subject to performance and service conditions. PSUs depend on BioNTech’s share price versus the Nasdaq Biotechnology Index, aligning value with relative market performance.
The filing does not show any open-market trades, only new derivative awards. The economic impact for shareholders depends on future vesting, performance outcomes, and whether settlement occurs in shares, ADSs, or cash, as permitted under the plan.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option (right to buy) | 12,586 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 10,069 | $0.00 | -- |
Footnotes (1)
- The exercise price of this option is EUR 89.38. Subject to adjustment such that the trading price of an American Depositary Share ("ADS") as of an exercise date does not exceed 800% of the grant date exercise price. The option vests annually in equal installments over four years commencing on the first anniversary of the grant date and becomes exercisable four years after the grant date, subject to certain performance-based and other conditions. The option may be settled in ordinary shares, ADSs and/or cash at the election of the supervisory board. Each performance share unit ("PSU") is the economic equivalent of one ordinary share of the Issuer and represents a right to receive, at the Issuer's option, one ordinary share, one ADS representing one ordinary share, or a cash payment or another form of settlement equal to the economic value thereof. PSUs vest annually in equal installments over four years commencing on the first anniversary of the grant date and become exercisable four years after the grant date, subject to the achievement of certain performance targets based on the market price of the Issuer's ordinary shares relative to the Nasdaq Biotechnology Index (or a comparable successor index) and the Reporting Person's continued service through each such date.