Magnum Ice Cream grants £75K in shares to exec
Magnum Ice Cream Co N.V. granted 5,246 performance-based share awards to its Chief Supply Chain and Operations Officer under the 2026 PSP.
Rhea-AI Filing Summary
Magnum Ice Cream Co N.V. (MICC) reported a share-based incentive grant to a person discharging managerial responsibilities. On September 21, 2026, Chief Supply Chain and Operations Officer Sandeep Desai received a grant of share awards over 5,246 ordinary shares of EUR3.50 each under the 2026 Performance Share Plan (PSP).
The number of shares granted was calculated using the average closing price of GBP14.30 on the London Stock Exchange over September 14 to 18, 2026. The awards are intended to reward contributions over a sustained period, are subject to pre-set performance conditions, and are subject to malus and clawback provisions under the PSP rules.
Positive
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Negative
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Key Figures
Shares granted: 5,246 shares
Reference share price: GBP14.30 per share
Total notional value of grant: GBP75,012.55
+5 more
8 metrics
Shares granted
5,246 shares
Share awards granted to the Chief Supply Chain and Operations Officer under the 2026 PSP
Reference share price
GBP14.30 per share
Average closing price on the London Stock Exchange over September 14–18, 2026 used to determine the grant size
Total notional value of grant
GBP75,012.55
Reported total for the 5,246-share award grant
Nominal value per share
EUR3.50 per share
Ordinary shares of EUR3.50 each underlying the share awards
Transaction date
September 21, 2026
Date of the PDMR share award grant transaction
Employees
19,000 employees
Global team size described in the company profile
Factories
32 factories
Number of factories in the company’s global network
Freezer cabinets
3,000,000 freezer cabinets
Size of the company’s freezer cabinet fleet
Key Terms
Performance Share Plan, malus and clawback, Market Abuse Regulation 596/2014, Person Discharging Managerial Responsibilities, +1 more
5 terms
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.
Market Abuse Regulation 596/2014 regulatory
"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.
Person Discharging Managerial Responsibilities regulatory
"NOTIFICATION OF A TRANSACTION OF A PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES"
A person discharging managerial responsibilities is an individual who holds a senior role with authority to make or influence a company’s strategic or operational decisions, such as executives, board members, or other top managers. Investors care because these people often have access to confidential information and their buying or selling of company shares must be disclosed—like a referee who knows the score before the crowd, their actions can signal important, non-public insights about a company's prospects.
Legal Entity Identifier regulatory
"TMICC's legal entity identifier is 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What executive equity award did MICC disclose in this Form 6-K?
Magnum Ice Cream Co N.V. disclosed a grant of share awards over 5,246 ordinary shares to Chief Supply Chain and Operations Officer Sandeep Desai under the 2026 Performance Share Plan, intended to reward contributions to company performance over a sustained period.
Are malus and clawback provisions attached to the MICC 2026 PSP awards?
Yes. The company states that malus and clawback provisions apply to all awards under the 2026 Performance Share Plan, allowing adjustment or recovery of awards in specified circumstances.
AI-generated analysis. How Rhea-AI works. Not financial advice.
