REG-TUI AG Allocation of phantom shares under TUI AG’s Long Term Incentive Plans

TUI AGAnnouncement

05/10/2022 16:15

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   TUI AG (TUI)
   Allocation of phantom shares under TUI AG’s Long Term Incentive Plans

   05-Oct-2022 / 17:01 CET/CEST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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                                     TUI AG

                            Regulatory Announcements

   Allocation of phantom shares under TUI AG’s Long Term Incentive Plans

   TUI AG (the  “Company”) announces that  phantom shares (“Phantom  Shares”)
   were allocated to the members of the Executive Board set out in the  table
   below under TUI AG’s Long Term Incentive Plan.

   The Phantom Shares  were automatically  allocated in  accordance with  the
   terms of the  individual’s respective service  agreements and the  vesting
   and payment of the Phantom Shares is conditional on (i) an EPS performance
   target, determined over a 4-year performance period; (ii) the share  price
   at the date of vesting; and (iii) the remuneration restrictions  resulting
   from the  second  framework agreement  on  the granting  of  stabilization
   measures ("Framework Agreement II") concluded by TUI AG with the  Economic
   Stabilization Fund (“Fund”) on 4 January  2021. Upon expiry of the  4-year
   performance period,  the  Supervisory  Board will  determine  whether  the
   conditions have  been satisfied  and  a possible  claim  to a  payment  in
   respect of the Phantom Shares arises.

   The Framework Agreement  II stipulates  that the  Executive Board  members
   (including any  group  remuneration  in  the  event  of  dual  employment,
   including at a group company that is not a material group company) may not
   be granted (and thus  may not be constituted)  bonuses, other variable  or
   comparable remuneration components as long as the Company makes use of the
   overall stabilization measures of the Fund.

   The Phantom Shares were allocated on 1 October 2022 at a base price of EUR
   1.509 per share. This share price equals the average XETRA price of TUI AG
   shares over a period of 20 trading days before the date of allocation.

   Name of the PDMR  Corporate Body  Number of allocated Phantom Shares
   Sebastian Ebel    Executive Board                       1,212,723.66
   David Burling     Executive Board                         609,675.28
   Mathias Kiep      Executive Board                         506,958.25
   Peter Krueger     Executive Board                         506,958.25
   Sybille Reiss     Executive Board                         506,958.25
   Frank Rosenberger Executive Board                         506,958.25
   Friedrich Joussen Executive Board                       1,212,723.66

    

    

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   ISIN:           DE000TUAG000
   Category Code:  DSH
   TIDM:           TUI
   LEI Code:       529900SL2WSPV293B552
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   192705
   EQS News ID:    1457669


    
   End of Announcement EQS News Service

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