Sale of compensation plan shares based on financial instruments (performance shares) to pay tax charges

Corporate: Financial
Thursday, April 30, 2020 - 20:37

UnipolSai Assicurazioni S.p.A. announces that on 27 April last - pursuant to the compensation plan based on financial instruments relating to the 2016-2018 three year period, the conditions of which were verified by the Board of Directors meeting of 14 March 2019 at the end of the vesting period - the performance shares relating to the second tranche for the 2017 period of the long-term variable incentive provided for under said plan were allocated to the managerial staff of the Company.

For the sole purpose of fulfilling tax charge payment obligations pursuant to said allocation, management sold a proportional quota of the allocated shares. The sale of a total of 1,669,296 ordinary UnipolSai shares was finalised on the Italian electronic stock exchange today.