Latest news with #stockoptions
Reuters
7 hours ago
- Business
- Reuters
Ryanair boss's $110 mln payday required big lift
LONDON, May 30 (Reuters Breakingviews) - The end of the month typically means payday for workers across the world. But Michael O'Leary is going one better: the Ryanair (RYA.I), opens new tab CEO on Thursday hit a stock price goal that paves the way to share options potentially worth over 100 million euros. Investors in many ways have O'Leary to thank for the airline's longtime outperformance. But the decision to extend the scheme part way through – and the use of share buybacks – is a good example of how boards can make sure bulky executive pay reaches its destination. Like a pilot 'going around' to attempt a second landing, the share options plan is in many ways a do-over. Announced in early 2019 as part of O'Leary's new contract, it had two tracks. It gave him the option to purchase 10 million shares at 11.12 euros apiece if he could get the share price above 21 euros for a 28-day period, or achieve an annual profit after tax of 2 billion euros, before the end of March 2024. But after Covid-19 tanked the airline industry and Ryanair's share price languished around 13 euros, the board in late 2022 took the decision to extend the plan into 2028, while bumping the after-tax profit target up to 2.2 billion euros. In its most straightforward sense, the scheme has worked: having now ticked off the 28-day streak, O'Leary is incentivised to get the share price up by as much as possible into 2028, when – on the added condition he remains at the company until the end of July that year – his options vest, giving him the right to pocket shares at the agreed 11.12 euro price. Ryanair investors also get to hang on to their superstar CEO for a few more years, who since taking the helm in 1994 has transformed the company into Europe's largest listed airline by market capitalisation. Still, one criticism of incentive packages based on simple share price targets is that they're often out of a CEO's direct control. Indeed, vaulting the 21 euro mark has required more than a few tailwinds. Short-haul leisure travel recovered, opens new tab more quickly from the pandemic than long-haul and business flying, for example, while delays in the delivery of new aircraft from Boeing (BA.N), opens new tab left Ryanair with more cash than expected, much of which was returned to shareholders. In its latest financial year, the company undertook around 1.5 billion euros of share buybacks, compared with zero buybacks during the previous four years. Most glaringly, the targets would probably not have been achieved had Ryanair's board not opted to extend the terms, given it delivered 1.9 billion euros of profit after tax – 100 million euros below the original target – in the year to March 2024, while the share price goal has only just been hit now, having averaged around 17 euros during the same 12-month period. Granted, investors may not bemoan this shifting of the goalposts. Analysts are expecting Ryanair to post almost 2.3 billion euros of profit after tax in the year to March 2027, according to forecasts compiled by Visible Alpha, meaning the new targets would probably have been met through either route anyway. But the extension of the scheme and use of share buybacks mean this particular early arrival comes through a grey cloud. Follow @Breakingviews, opens new tab on X
Globe and Mail
19 hours ago
- Business
- Globe and Mail
Public market insider selling at Sun Life Financial (SLF)
, a Senior Officer, exercised Options and disposed of 37,662 Common Shares on a direct ownership basis at a price of $88.290 on May 27th, 2025. This represents a $3,325,178 sale of the company's shares into the public market. Let the insiders guide you to opportunity at
Globe and Mail
2 days ago
- Business
- Globe and Mail
Option-related public market insider selling at Sun Life Financial (SLF)
, a Senior Officer, exercised Options and disposed of 37,662 Common Shares on a direct ownership basis at a price of $87.600 on May 27th, 2025. This represents a $3,299,191 sale the company's shares into the public market. Let the insiders guide you to opportunity at
Globe and Mail
2 days ago
- Business
- Globe and Mail
Option-related public market insider selling at Peyto Exploration & Devel (PEY)
Jean-Paul Henri Lachance, CEO and Director, exercised Options and disposed of 66,769 Common Shares on a direct ownership basis at a price of $19.000 on May 26th, 2025. This represents a $1,268,611 sale of the company's shares into the public market. Let the insiders guide you to opportunity at
Washington Post
2 days ago
- Business
- Washington Post
Ooma: Fiscal Q1 Earnings Snapshot
SUNNYVALE, Calif. — SUNNYVALE, Calif. — Ooma Inc. (OOMA) on Wednesday reported a loss of $141,000 in its fiscal first quarter. On a per-share basis, the Sunnyvale, California-based company said it had a loss of 1 cent. Earnings, adjusted for stock option expense and amortization costs, were 20 cents per share.
