Leadership & Pay ·
The Magnum Ice Cream Company N.V. announced the grant of options to several Persons Discharging Managerial…
MICCMagnum Ice Cream Co N.V.
The Magnum Ice Cream Company N.V. announced the grant of options to several Persons Discharging Managerial Responsibilities (PDMRs) under its Foundation Plan on June 16, 2026. This one-time co-investment plan aims to align executive incentives with long-term value creation. Key recipients include CEO Peter ter Kulve, who received 2,362,060 options at an exercise price of EUR 15.33, and CFO Abhijit Bhattacharya, who received 1,330,010 options at the same price. Other executives received grants in EUR, GBP, or USD based on their respective regional roles. Vesting is performance-contingent, with 50% vesting after three years and 50% after four years, provided the company's Total Shareholding Return exceeds the sector peer group median. The company is a global ice cream manufacturer producing brands such as Magnum and Ben & Jerry's.