Nomad Foods CEO buys 50K shares at $12.38
Nomad Foods Ltd (NOMD) director and Chief Executive Officer Dominic Brisby reported an open-market purchase of 50,000 Ordinary Shares on 2026-08-24 at a weighted average price of $12.38 per share, with individual trades ranging from $12.25 to $12.49.
Rhea-AI Filing Summary
Nomad Foods Ltd (NOMD) director and Chief Executive Officer Dominic Brisby reported an open-market purchase of 50,000 Ordinary Shares on 2026-08-24 at a weighted average price of $12.38 per share, with individual trades ranging from $12.25 to $12.49. Following this transaction, he directly holds 726,794 Ordinary Shares, including 150,000 Restricted Share Units that are scheduled to vest on November 3, 2025. He also holds performance-based equity incentives: stock options covering up to 5,000,000 Ordinary Shares at an exercise price of $10.14 per share, which may vest and become exercisable between 2029 and 2031 depending on share purchase and share price performance conditions, and 300,000 Performance Based Share Units that are contingent on company performance over a three-year period and, once earned, are scheduled to vest on February 28, 2029.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Ordinary Shares F1, F2 | 50,000 | $12.38 | $619K |
| holding | Stock Options (Right to Buy) F3, F4 | -- | -- | -- |
| holding | Performance Based Share Units F5, F6 | -- | -- | -- |
Footnotes (6)
- F1. The price represents the weighted average purchase price for multiple transactions reported on this line. The prices of the transactions ranged form $12.25 to $12.49, 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.
- F2. Includes 150,000 Restricted Share Units which shall vest on the first anniversary of the grant date (November 3, 2025).
- F3. 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.
- F4. 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.
- F5. Each Performance Stock Unit ("PSU") represents a contingent right to receive one Ordinary Share of the Issuer.
- F6. 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.
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FAQ
What did NOMD CEO Dominic Brisby report in this Form 4 filing?
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