Appointment with Inditex shareholders. textile multinational general assembly Arteix (A Coruna) will approve today a long-term incentive plan in the form of cash and shares for its members. management teamUp to a maximum of 750 beneficiaries, including executive directors and other employees of the group invited to participate in the said plan.
The plan includes combining a multi-year bonus. advance and a free commitment to deliver the shares, which will be paid to the beneficiaries of the plan in full or at the percentage resulting from the implementation, after a specified period of time and after verification of the achievement of certain objectives.
The maximum number of shares under the Plan is 7,500,000 ordinary shares, representing 0.24% of the capital and valued at 250.5 million at current market prices. most of these 183,750 shares directed to CEO, Oscar Garcia Maceiras. The total duration of the plan is four years and it is structured in two independent time periods. The first cycle of the plan will run from February 1, 2023 to January 31, 2026, and the second cycle will run from February 1, 2024 to January 31, 2027.
Council agreed to offer panel Following the departure of Banco Popular’s former chairman, Emilio Saracho, who has been a board member of Inditex since July 2010, the fixation of that body’s membership to ten, without prejudice to the possibility of future expansion, varies according to the needs of society.
Thus, the board of directors will consist of: Marta Ortega, José Arnau, Amancio Ortega and Flora Pérez Marcote, all registered; Óscar García Maceiras (manager) and Denise Patricia Kingsmill, Anne Lange, Pilar López Álvarez, José Luis Durán Schulz and Rodrigo Echenique as independents.