Ryanair extended Michael O’Leary’s contract through April 2032 with a potential €153m equity payout tied to doubling its share price to €42 or surpassing €4bn annual profits by 2032. The airline posted €2.26bn net profit last year, up 40% year-on-year, and trades at €25.60.
Ryanair’s board approved a four-year extension for Michael O’Leary as chief executive, keeping him in place until April 2032. Under the new agreement, he will receive purchase rights for 10 million shares at €26.70 each if specified performance targets are achieved.
The scheme hinges on two ambitious goals: sustaining a €42 share price for 28 consecutive trading days or generating €4bn in annual net profit by 2032. Achievement of either milestone would trigger a windfall equity award valued at approximately €153m.
Last financial year, Ryanair reported €2.26bn in net profit, a 40% increase year-on-year, with shares trading at €25.60. The incentive plan includes a modest annual salary and capped bonus, and it awaits ratification at the next shareholder meeting.
