Nomad Foods (NOMD) co-chair linked LLC buys 700,000 shares in open market
Rhea-AI Filing Summary
Nomad Foods Co-Chair Noam Gottesman, through TOMS Capital Investments LLC, reported substantial open-market share purchases. An LLC associated with him bought 500,000 Ordinary Shares on May 11, 2026 at a weighted average price of $9.5709 per share and 200,000 shares on May 12, 2026 at a weighted average price of $9.2348 per share, totaling 700,000 shares. Following these transactions, indirect holdings stand at 7,408,560 Ordinary Shares, alongside 3,871,541 Ordinary Shares held directly. He also holds stock options over 1,000,000 Ordinary Shares at an exercise price of $10.14 per share, which will vest and become exercisable only if share purchase and performance conditions are met during the specified performance period ending May 7, 2031.
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Insights
Large affiliated entity purchases 700,000 Nomad Foods shares in open market.
An LLC associated with Nomad Foods Co-Chair Noam Gottesman executed two open-market purchases totaling 700,000 Ordinary Shares at prices around $9.23–$9.57. These are active buy decisions rather than option exercises or passive events.
After the trades, indirect holdings are 7,408,560 shares and direct holdings are 3,871,541 shares, so the purchases increase an already sizable stake. Gottesman also has stock options over 1,000,000 shares at an exercise price of $10.14 expiring on May 7, 2031, which vest only if share purchase and performance targets are achieved.
The filing shows net buying with no reported sales and no indication of a Rule 10b5-1 trading plan. The significance of these purchases for valuation depends on Nomad Foods’ total share count and future company performance, which are not detailed in this snapshot.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Ordinary Shares | 200,000 | $9.2348 | $1.85M |
| Purchase | Ordinary Shares | 500,000 | $9.5709 | $4.79M |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- The price represents the weighted average purchase price for multiple transactions reported on this line. The prices of the transactions ranged from $9.48 to $9.655, inclusive. The Reporting Person undertakes to provide the Issuer and will provide any security holder of the Issuer or the SEC staff, upon request, information regarding the number of shares purchased at each separate price within the specified range. These shares are held indirectly by TOMS Capital Investments LLC, a Delaware limited liability company through a wholly-owned subsidiary. The Reporting Person controls, and indirectly owns, 100% of TOMS Capital Investments LLC's interests in these shares. The Reporting Person disclaims beneficial ownership of such shares to the extent of his pecuniary interest therein. The price represents the weighted average purchase price for multiple transactions reported on this line. The prices of the transactions ranged from $9.11 to $9.32, inclusive. The Reporting Person undertakes to provide the Issuer and will provide any security holder of the Issuer or the SEC staff, upon request, information regarding the number of shares purchased at each separate price within the specified range. 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 the share price performance target 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 target during the Performance Period.