Executive PSU awards at Coca-Cola Europacific Partners (CCEP)
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Coca-Cola Europacific Partners reported new long-term incentive awards for two senior executives. Chief Executive Officer Damian Gammell received a maximum grant of 109,856 Performance Share Units (PSUs), and Chief Commercial Officer Stephen Lusk received 1,568 PSUs, each over ordinary shares of €0.01. The PSUs carry a price of USD $0 and were granted under the company’s Long-Term Incentive Plan. They are scheduled to vest on 26 March 2029, subject to continued service and satisfaction of specified performance conditions.
Positive
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Negative
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Key Figures
CEO PSU grant: 109,856 PSUs
CCO PSU grant: 1,568 PSUs
PSU grant price: USD $0
+1 more
4 metrics
CEO PSU grant
109,856 PSUs
Maximum award to CEO Damian Gammell on 2026-06-03
CCO PSU grant
1,568 PSUs
Maximum award to CCO Stephen Lusk on 2026-06-03
PSU grant price
USD $0
Price per PSU for both executive awards
PSU vesting date
26 March 2029
Scheduled vesting date subject to conditions
Key Terms
Performance Share Units, Long-Term Incentive Plan, PDMR, vesting, +1 more
5 terms
Long-Term Incentive Plan financial
"under the terms of the Company’s Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
PDMR financial
"Notification of transactions of persons discharging managerial responsibilities (“PDMR”)"
A PDMR (person discharging managerial responsibilities) is an individual who can shape a company’s strategy or finances—typically senior executives, board members, or close advisors with decision-making authority. Investors care because PDMRs often hold material, non‑public information and their buying or selling of shares must be reported; monitoring those disclosures is like watching a ship’s captain to read the likely course and spot possible insider risk.
vesting financial
"the PSUs will vest on 26 March 2029"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What executive awards did Coca-Cola Europacific Partners (CCEP) disclose in this 6-K?
Coca-Cola Europacific Partners disclosed grants of Performance Share Units to its CEO and CCO. Damian Gammell received 109,856 PSUs, and Stephen Lusk received 1,568 PSUs, under the company’s Long-Term Incentive Plan.
Did the CCEP executives pay any price for the newly granted PSUs?
The PSUs were granted at a price of USD $0 per unit. This indicates they are compensation awards rather than market purchases, aligning management incentives with long-term company performance without requiring upfront cash outlay.
