Nomad Foods CEO has 70,500 shares withheld for taxes
The option award is contingent on a co-investment share-purchase condition and issuer share-price targets, with vesting tied to target achievement.
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Rhea-AI Filing Summary
Nomad Foods Ltd CEO Dominic Brisby had 70,500 ordinary shares withheld for tax liability on November 3, 2026, at $12.36 per share; he directly held 656,294 ordinary shares afterward. His reported option position was 5,000,000 options, the maximum eligible to vest under the option agreement, at a $10.14 exercise price. Vesting is subject to the co-investment share-purchase condition and specified share-price targets, and the options will vest and become exercisable, if at all, on the later of May 7, 2029, and target achievement. He also held 300,000 performance-based share units, earned based on a three-year performance period and vesting February 28, 2029, once earned.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares F1 | 70,500 | $12.36 | $871K |
| Holding | Stock Options (Right to Buy) F2, F3 | -- | -- | -- |
| Holding | Performance Based Share Units F4, F5 | -- | -- | -- |
Footnotes (5)
- F1. Shares withheld for payment of tax liability.
- F2. Subject to (i) the Reporting Person satisfying the share purchase component under the Issuer's Co-Investment and Share Option Matching Sub Plan (the "Sub Plan") between May 5, 2025 and June 5, 2027 and (ii) the Issuer's achievement of certain share price performance targets during the period beginning May 7, 2026 and ending on May 7, 2031 (the "Performance Period"), the Options will vest and become exercisable, if at all, on the later of (x) May 7, 2029 and (y) the achievement of the specified share price performance targets during the Performance Period.
- F3. The number of options set forth herein represents the maximum number of options that are eligible to vest under the option agreement if the Issuer achieves the maximum specified share price performance target during the Performance Period and such number of options eligible to vest will be reduced to 87.5%, 75%, 50%, 20% or 0% of the number of options reported herein to the extent that the Issuer achieves one or more lower specified share price performance targets during the Performance Period.
- F4. Each Performance Based Share Unit ("PSU") represents a contingent right to receive one Ordinary Share of the Issuer.
- F5. These PSUs will be earned based upon the Issuer's performance during the three-year performance period. Once earned, the performance based share units will vest on February 28, 2029.
Key Figures
Key Terms
Performance Period technical
exercise price financial
FAQ
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What are the vesting conditions for Dominic Brisby's NOMD options?
What does Dominic Brisby's NOMD PSU position represent?
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