Ferrari N.V.: register notification following the equity incentive plan
March 19 2020 - 1:57PM
Maranello (Italy), 19 March
2020 – Ferrari N.V. (NYSE/MTA: RACE)
(“Ferrari” or the “Company”)
announces that the Company’s Chief Executive Officer and other SMT
members and employees of the Ferrari Group on 16 March 2020
received grants under their 2019 equity incentive plan.
The Company’s Chief Executive Officer received
23,739 shares of which 13,077 were sold to Ferrari on 17 March for
the sole purpose of paying the relevant individual's taxable
income, at the price of euro 122 per share equal to the reference
price on Borsa Italiana (MTA) on the grant date.
Other members of the SMT and other employees
also sold shares to Ferrari for the same price and on
the same day as the Chief Executive Officer in order to cover the
individual's taxable income deriving from their 2019 equity
incentive plan shares grant as is standard practice (Sell to
Cover).
- FNV_Register_Notification_19.03.2020_ENG_
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