Nomad Foods (NOMD) CEO Brisby buys 150,000 shares, holds major option grants
Rhea-AI Filing Summary
Nomad Foods Ltd Chief Executive Officer Dominic Brisby bought 150,000 Ordinary Shares in an open-market transaction at a weighted average price of $9.7924 per share, with individual trades ranging from $9.73 to $9.86. Following this purchase, he directly owns 676,794 Ordinary Shares, which include 150,000 Restricted Share Units scheduled to vest on the first anniversary of the November 3, 2025 grant date. In addition to his share holdings, he holds performance-based awards covering up to 300,000 Ordinary Shares through Performance Based Share Units and up to 5,000,000 Ordinary Shares through Stock Options with a $10.14 exercise price, which may vest only if specific share purchase and multi-year share price performance targets are met during the performance period running to May 7, 2031.
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Insights
CEO makes a sizable open-market share purchase while retaining large performance-based option exposure.
Dominic Brisby, CEO of Nomad Foods Ltd, executed an open-market purchase of 150,000 Ordinary Shares at a weighted average price of $9.7924. This increases his direct holdings to 676,794 shares, signaling additional personal capital committed at current market levels.
Alongside the share purchase, he retains significant performance-linked equity incentives. These include Performance Based Share Units tied to up to 300,000 underlying Ordinary Shares and Stock Options over up to 5,000,000 underlying shares at a $10.14 exercise price, expiring on May 7, 2031. Vesting depends on meeting share purchase requirements and specified share price targets during a defined performance period.
The overall picture is a net-buy insider action combined with large, long-dated, performance-based derivative positions. While the filing does not quantify company-wide impact, it shows the CEO increasing direct ownership and maintaining substantial long-term equity exposure whose realization depends on the issuer’s share price performance through the period ending May 7, 2031.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Ordinary Shares | 150,000 | $9.7924 | $1.47M |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Performance Based Share Units | -- | -- | -- |
Footnotes (1)
- The price represents the weighted average purchase price for multiple transactions reported on this line. The prices of the transactions ranged form $9.73 to $9.86, 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. Includes 150,000 Restricted Share Units which shall vest on the first anniversary of the grant date (November 3, 2025). 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. 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. Each Performance Stock Unit ("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 performance based share units will best on February 28, 2029.