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Incentive plans based on financial instruments

04/04/2018 - 04:00 PM

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Management body

04/04/2019 - 04:00 PM

The following table shows the incentive plans based on financial instruments, other than stock options, for members of the management body.

Values expressed in thousands of euros

      In the company drawing up the financial statements

In subsidiaries

and associates

 

Name and surname

A

 

Amos Genish Luigi Gubitosi  

 

TOTAL

Position

B

 

Chief Executive Officer Key Managers with Strategic Responsibilities

Key Managers with

Strategic Responsibilities

Plan and respective resolution

1

 

Long-term Incentive

2018-2020

Special Award

year 2016

component

Long-term Incentive Plan

2018-2020

   

Financial instruments assigned in previous financial years not vested during the financial year

2

Number and type of financial instruments

 

 

Entitlement to the free assignment of TIM ordinary shares of a value equal to 80% of the maximum bonus of 15,000,000

 

 

 

3

Vesting Period

   

Financial year 2016

 

 

 

Financial instruments assigned during the financial year

4

Number and type of financial instruments

26.666.666

Performance Shares

19.215.686

Performance Shares

 

20.035.707 Performance Shares

208.231

shares Plan 2018

€ 66,126,290

5

Fair value on allocation date

€ 7.824.667

€ 3.512.627

 

€ 6.062.362

 

€ 17,399,656

6

Periodo di vesting

2018-2020

2019-2020

 

2018-2020

3 years

 

7

Allocation date

07/24/2018

11/18/2018

 

07/24/2018

04/20/18

 

8

Market price on allocation

€ 0,608

€ 0,526

 

€ 0,608

R$ 14,4071

 

Financial instruments vested during the financial year and not assigned

9

Number and type of financial instruments

26.666.666 1

 

 

 

26,666,666

Financial instruments vested during the financial year and not assigned

10

Number and type of financial instruments

 

19.215.686

 

20.035.707

208.231 (3)

 39,459,624

11

Value on allocation date

 

 

 


Financial instruments for the year

12

Fair value

 

 (2)

 

€ 1,045,235  

€ 1,045,235

 (1) Mr. Genish was not acknowledged anything as Long-term Incentive 2018-2020 (as per Plan Regulation).

(2)  There are no charges entered in the income statement for the financial year 2018, since Mr. Gubitosi is a recipient of the 2019-2020 plan.

 (3)  The shares, cancelled, were acknowledged in cash based on the number of months worked.