Magnum Ice Cream PDMRs Vest Over 70,000 Shares, CEO Retains 27,119
Magnum Ice Cream’s CEO Peter ter Kulve vested 27,119 shares in a February performance award, while additional PDMRs retained more than 62,000 shares collectively and saw disposals of 3,369 for tax. Abhijit Bhattacharya acquired 32,000 new shares at €16.40, and Sandeep Desai bought 8,296 at £12.05.
1. Share Award Vesting
The Magnum Ice Cream Company granted performance-adjusted awards to its PDMRs on February 12. CEO Peter ter Kulve vested and retained 27,119 shares, while other directors collectively vested 62,027 shares, with Tim Gunning disposing of 895 shares and Ronald Schellekens selling 3,369 shares to meet tax obligations.
2. Significant Insider Purchases
Beyond vesting, Chief Data Officer Abhijit Bhattacharya purchased 32,000 ordinary shares on February 12 at €16.398 each, and Chief Supply Chain Officer Sandeep Desai acquired 8,296 shares on February 17 at £12.0528. President Asia Wai-Fung Loh added 397 shares at £14.265.
3. Transaction Pricing and Provisions
Shares traded on both Amsterdam and London exchanges, with prices ranging from €13.82 to €16.40 and £12.05 to £14.27. All awards are subject to malus and clawback provisions to ensure alignment with long-term performance objectives.