Tuesday 23 January 2018

CEO Mueller set for share options windfall to tune of €155,000

Aer Lingus - ongoing talks on solving pay and pensions row
Aer Lingus - ongoing talks on solving pay and pensions row

Aer Lingus chief executive Christoph Mueller will benefit in September as 500,000 share options he was granted when he joined the airline in 2009 become exercisable.

Mr Mueller was granted 1.5 million share options when he took on the CEO job.

The first tranche of 500,000 became exercisable last year at a price of €1.10.

The tranche of 500,000 that become exercisable in September have a strike price of €1.30.

With Aer Lingus shares trading at €1.61 yesterday, those shares would yield a €155,000 pre-tax paper profit.

Mr Mueller and finance director Andrew Macfarlane have recently both received additional share options under the airline's long-term incentive scheme.

Irish Independent

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