Magnum Ice Cream Grants Over 910,000 Shares in 2024–2026 Incentive Plans
Magnum Ice Cream granted a total of 912,915 shares to directors and other PDMRs under its 2024–2025 Replacement Annual and Performance Share Plans and 2026 Performance Share Plan, with awards valued using average closing prices of €13.32, £11.50 and $15.38. Malus and clawback provisions apply to all grants.
1. Share Plan Structure
The Magnum Ice Cream Company issued replacement awards for unvested 2017 Unilever share plan awards under its 2024–2025 Replacement Annual Share Plan (ASP) and Performance Share Plan (PSP), plus new 2026 PSP awards. Awards are valued by averaging closing prices on Euronext Amsterdam (€13.32), London Stock Exchange (£11.50) and NYSE ($15.38) for March 9–13, 2026, and include malus and clawback provisions.
2. Executive and PDMR Allocations
Chief Executive Officer Peter ter Kulve received 222,347 shares, Chief Financial Officer Abhijit Bhattacharya 153,198 shares, and Chief Human Resources Officer Ronald Schellekens 92,935 shares. Other PDMRs, including regional presidents and directors, received between 6,607 and 78,864 shares each, bringing total awards to 912,915 shares across all participants.