Ryanair has greenlit the incentive plan for its CEO, Michael O'Leary, which could yield him up to €153 million, despite 39% of shareholders voting against it. This decision was made at the shareholders' meeting held this morning.
The shareholders' meeting of Ryanair has today approved the stock option plan for 10 million shares for its CEO, Michael O'Leary, despite 39.3% of shareholders opposing this initiative. The resolution was supported by 60.7% of the shareholders present, becoming the most controversial point of the meeting, according to expansion.com.
This plan would allow O'Leary to gain a benefit of up to €153 million if certain conditions are met. In June, the company agreed that O'Leary would continue in his position until April 2032, thus reaching 44 years of service at Ryanair.
The incentive will be activated if the airline achieves a net profit of €4 billion or if the share price exceeds €42 for 28 consecutive days before the deadline. Should the latter goal be achieved, O'Leary's net benefit would rise to €153 million, although the actual amount will depend on the market sale price.
During the fiscal year 2026, which ended on 31 March, Ryanair recorded profits of €2.174 billion. However, the shares have lost 0.14% of their value, currently trading at €22.46, complicating the achievement of the targets set for O'Leary.
By the year 2032, Ryanair plans to increase its fleet from 655 aircraft to 760 and reach 275 million passengers annually, surpassing the 214 million passengers projected for the current fiscal year.
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