Sale of compensation plan shares based on financial instruments (performance shares) to pay tax charges
Unipol Gruppo S.p.A. (“Unipol”) announces that on 28 April last were allocated to the managerial staff of the Unipol Group the performance shares relating:
- to the third and final tranche of the 2018 period of the long-term variable incentive provided for under the compensation plan based on financial instruments for the 2016-2018 three-year period;
- to the FY 2020 period of the short-term variable incentive provided for under the compensation plan based on financial instruments for the 2019-2021 three-year period.
For the sole purpose of fulfilling tax charge payment obligations pursuant to said allocation, the Group management sold a proportional quota of the allocated shares. The sale of a total of 1,065,412 ordinary Unipol shares was finalised on the Italian electronic stock exchange today.