Rafael del Pino, Ferrovial’s largest shareholder, He has also been the chairman since 2000.; Despite being the CEO of the company before, he continues the family saga. The participation of 20.44% of the company’s capital is equivalent to more than 148 million shares; With a unit price of 27 euros, it has a value of over 4,000 million euros. The Del Pino family’s assets exceed 9,000 million euros, making them Spain’s third largest fortune.
Although there is no data before 2011, Ferrovial head He received 42 million euros in cash as presidentAs compiled between 2011 and 2022 by EL PERIÓDICO DE ESPAÑA of the Prensa Ibérica group in the annual reports on the salaries of executives published by the infrastructure company at the National Securities Market Commission.
This figure includes the fixed and variable fees that the president receives annually. fixed part It ranged from 1.15 to 1.5 million every twelve months. The variable portion, again in cash in 2022, was associated with quantitative criteria (80%), net result achieved and cash flow, and qualitative, sustainability criteria. This is the last revenge limited to a maximum of 190% of the fixed amount.
Long-term stock incentives
As with most Ibex-35 companies, senior executives own some of their jobs. remuneration in sharesknown as long-term incentive plans. In the case of Ferrovial, it is charged by both president Rafael del Pino and CEO. Since 2011, this bonus has been collected by Iñigo Meirás, CEO until 2019, and Ignacio Madridejos since then.
In the last two years, Ferrovial’s president received only 883,000 and 490,000 euros.“gross profit from shares or consolidated financial instruments”, respectively. These are the years in which he received the least such payments, together with 2011, when his salary was not paid, and 2012, when he received 318 thousand euros.
In the remaining years, the amount is much higher: from 1.09 million in 2019 to 2.32 million in 2015. 2016 was his best year when he received 11.3 million euros in addition to his fixed and variable salary.. During these 12 months, 1.92 million shares were issued, to which the 9.38 million gross profit from exercised options should be added.
In total, the addition of fixed and variable wage amounts with incentives in long-term shares, Rafael del Pino has received around €67.13 million from Ferrovial over the past eleven years.from 2011 to 2022.