Nomad Foods (NYSE: NOMD) director details direct, indirect stakes and PSUs
Rhea-AI Filing Summary
Nomad Foods Ltd director Stefan Descheemaeker filed an initial statement of beneficial ownership, listing his equity interests in the company. He directly holds Ordinary Shares totaling 601,365 shares as of the filing date.
He also has interests in Performance Based Share Units, each representing a contingent right to receive one Ordinary Share. One PSU award, covering 300,000 underlying Ordinary Shares, will be earned based on the issuer's performance during a three-year performance period and, once earned, will vest on February 28, 2027. A second PSU award, also tied to issuer performance over a three-year period and covering 300,000 underlying Ordinary Shares, will vest once earned on February 28, 2028.
In addition, Ordinary Shares are held indirectly: 300,000 shares are held by Orion POD SRL, 2,593,897 shares are held by Olidipoli Sprl, an entity controlled by Descheemaeker, and 700,000 shares are held by his spouse. The reporting person disclaims beneficial ownership of these indirect holdings except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Based Share Units | -- | -- | -- |
| holding | Performance Based Share Units | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- These shares are held by a company owned by the Reporting Person's spouse and three children. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein. The shares are held by Olidipoli Sprl, which is an entity controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. These shares are held by the Reporting Person's spouse. These Performance Based Restricted Share Units ("PSUs") will be earned based upon the Issuer's performance during the three-year performance period. Once earned, the PSUs will vest on February 28, 2027. Each PSU represents a contingent right to receive one Ordinary Share of the Issuer. These PSUs will be earned based upon the Issuer's performance during the three-year performance period. Once earned, the PSUs will vest on February 28, 2028.