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General

Telefonica to reward top executives with nearly 1 mln shares

Tuesday 29 April 2014 | 09:42 CET | News
Telefonica proposes to reward its three top executive directors with a maximum of 968,750 shares in 2017 as part of its long-term incentive plan for directors. The current market value of the shares is EUR 11.5 million. In a submission to the Spanish regulator CNMV, the company confirmed that the proposal would be included on the agenda of its next shareholders' meeting, scheduled for 30 May. If the conditions of the proposal are met in their entirety, Telefonica chairman Cesar Alierta will receive a maximum of 506,250 shares, chief operating officer Jose Maria Alvarez-Pallete up to 300,000

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Categories: General
Companies: Telefonica
Countries: Spain
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