Hungary Mol CFO excercises option right on 6,000 Mol shares

Simola exercised his cash settled call option right under the framework of the management stock option incentive program in respect of 6000 pieces of “A" series ordinary shares issued by Mol on 5 December 2016.

The strike price of the transaction amounted to 56.22 EUR/share, while the settlement price was 59.35 EUR/share. The transaction did not generate any share movement.
A management stock incentive programme has been in place at Mol for years, with the following attributes:

• It covers a 5-year period starting annually, with the period being split into a 1-year granting period, a 1-year vesting period (when exercising Stock Options is not possible) and a 3-year exercising period. The Stock Option lapses if not exercised by December 31st of the last year.
• The strike price for Stock Options is defined before the granting period begins.
• The strike price is the average MOL share price in HUF on the Budapest Stock Exchange weighted with turnover.
• The exercise price is the average price of MOL shares in HUF on the Budapest Stock Exchange on the day of exercising.

• Tags:
• energy,
• companies,
• market,
• equity,
• mol