Stock option plans
In accordance with Consob regulation CIR has set up stock option plans for employees of the group.
On April 29 2011, the shareholders meeting approved a Stock Grant Plan for 2011 aimed at executives of the company, its subsidiaries and its controlling company, for a maximum of 4,500,000 units, each of which gives the right to receive 1 CIR share free of charge.
Summaries of current stock option and other incentive plans are attached.
Stock options awarded to directors and general managers
| Options awarded during the year | Options exercised during the year | Options expired in year | Options cancelled in year | Options held at the close of the year | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Last name and first name | Position held | Number of options | Average strike price | Average expiry (years) | Number of options | Average strike price | Average expiry (years) | Number of options | Average strike price | Average market price | Number of options | Number of options | Number of options | Average strike price | Average expiry (years) |
| DE BENEDETTI RODOLFO | CEO & GM | 29,737,500 | 2.156 | 6.08 | 3,500,000 | 1.5595 | 9.96 | 11,500,000 | 21,737,500 | 1.9562 | 6.38 | ||||
| PIASER ALBERTO | GM | 3,678,400 | 2.0999 | 7.52 | 840,000 | 1.5595 | 9.96 | 4,518,400 | 1.9950 | 7.01 | |||||
Updated 2011 compensation plan table
|
2011_Compensation_plan_2011.pdf (file PDF 30Kb) |
