Brief: BFF To Award Mr. Belingheri Overall Sum Of EUR 4.08 Mln Following Termination Of CEO Mandate

BFF Bank SpA

11/02/2026 06:17

Feb 11 (Reuters) - BFF Bank SpA BFF.MI:

SAID ON TUESDAY BOARD CONCLUDED CONDITIONS REQUIRED TO AWARD FORMER CEO MASSIMILIANO BELINGHERI THE SO CALLED “GOLDEN PARACHUTE” WERE NOT MET

CONSIDERATION ENVISAGED UNDER NON-COMPETE AGREEMENT (NCA) IS INSTEAD DUE, PROVIDING FOR PROMPT EXECUTION OF THE PAYMENT LINKED TO TERMINATION OF CEO MANDATE

BFF TO PAY MR. BELINGHERI OVERALL SUM OF EUR 4.08 MLN

EUR 1.36 MLN OF COMPENSATION TO BE PAID IN CASH AND UPFRONT

EUR 1,088,000 OF COMPENSATION, OF WHICH 51% IN FINANCIAL INSTRUMENTS, TO BE PAID UPFRONT

EUR 1,632,000 OF COMPENSATION, OF WHICH 51% IN FINANCIAL INSTRUMENTS, TO BE PAID ON LINEAR PRO RATA BASIS OVER NEXT FIVE YEARS

CONSIDERATION UNDER NCA WILL NOT BE INCLUDED FOR PURPOSE OF CALCULATING VARIABLE-TO-FIXED REMUNERATION RATIO

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 (Gdansk Newsroom)

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