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GENEVA - Wizz Air Holdings Plc (LSE:WIZZ) has granted options over 29,052 ordinary shares to Supply Chain Officer Julia Brix under its Omnibus Share Plan, according to a company statement released Thursday.
The award, approved by Wizz Air’s Remuneration Committee on September 16, was granted on October 6 and consists of two components: a performance award of 17,431 options and a restricted stock award of 11,621 options.
The performance-based portion, representing 40% of the total award, is tied to Wizz Air’s Total Relative Shareholder Return (TSR) performance over the next three years beginning with the company’s 2026 financial year. Vesting starts at 25% if the company achieves median TSR within the Benchmarked European Airlines group, with full vesting at the upper quartile.
The remaining 60% of the award is structured as restricted stock that will vest based on continued employment with the company.
All vested options must be exercised within ten years of the grant date. Upon exercise, the underlying shares will be issued or transferred at no cost to the option holder. No payment was required from the recipient for the option grant.
Wizz Air, which operates a fleet of 231 Airbus A320 and A321 aircraft, carried 63.4 million passengers in fiscal year 2025. The airline describes itself as one of the most sustainable European carriers.
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