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Ryanair CEO Share Options Worth Over US$111 Million

February 09, 2019 / Airwise

Ryanair CEO Michael O’Leary will be due a tidy bonus if he doubles the airline’s profitability or share price over the next five years.In a stock exchange filing, the Irish airline outlined the share options its board directors will be granted if the low cost carrier achieves a EUR€2 billion annual profit or a €21 share price over the next five years. Chief executive Michael O’Leary has been granted options over 10 million shares at a strike price of €11.12 (the current share price), which will mean a €98.8 million (USD$111.8 million) profit if either target is reached.