Brady Dara 4
4 · RYANAIR HOLDINGS PLC · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
Ryanair CMO Brady Dara Receives RSUs, Sells Shares for Taxes
What Happened
Brady Dara, Chief Marketing Officer of Ryanair DAC, had 19,191 restricted stock units (2023 conditional award) convert into common shares on May 19, 2026. Of those shares, he sold 8,973 in an open-market sell-to-cover transaction at $26.01 per share, generating proceeds of $233,388. The remaining 10,218 shares were retained. The vesting was performance- and time-based; the performance conditions were satisfied on May 19, 2026.
Key Details
- Transaction date: 2026-05-19; Form 4 filed 2026-05-21 (filed two days after the transaction).
- Award conversion: 19,191 RSUs converted one-for-one into common shares (Footnote F1, F4).
- Sale: 8,973 shares sold at $26.01 per share for $233,388 (sell-to-cover to satisfy tax withholding, Footnote F2).
- Retained shares from the award: 10,218 shares (retained shares valued at €22.42 each, converted to USD at 1.16 -> $26.01; Footnote F3).
- Total value of shares issued on vesting ≈ $499,158 (19,191 × $26.01).
- Nature of transactions: award vesting plus sell-to-cover (routine tax withholding), not a voluntary open-market sell for investment reasons.
Context
- These were RSUs converting into common stock (not an option exercise for cash); part of the shares were immediately sold to cover tax obligations (a common, routine practice).
- Because the sale was to satisfy withholding, it should not be read as a market sentiment signal.
- Filing appears timely (filed May 21 for a May 19 transaction).
Insider Transaction Report
Form 4
RYANAIR HOLDINGS PLCRYAAY
Brady Dara
Ryanair DAC CMO
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-05-19+19,191→ 26,523 total - Sale
Common Stock
[F2][F3]2026-05-19$26.01/sh−8,973$233,388→ 17,550 total - Exercise/Conversion
Restricted Stock Units
[F4]2026-05-19−19,191→ 0 total→ Common Stock (19,191 underlying)
Footnotes (4)
- [F1]The Restricted Stock Units (2023 Conditional Award under the Ryanair Holdings PLC 2019 LTIP) convert into common stock on a one-for-one basis.
- [F2]Represents shares sold by Mr. Brady pursuant to a sell-to-cover arrangement in order to satisfy the tax withholding obligations in connection with the vesting and settlement of the award.
- [F3]The price of the retained shares was EUR 22.42, which was converted to USD for purposes of this report by multiplying such price by 1.16, which was the closing foreign exchange rate on May 19, 2026.
- [F4]Mr. Brady received a grant of Restricted Stock Units on March 9, 2023 which, in addition to time-based vesting, was subject to performance-based vesting conditions unrelated to the Issuer's stock price. Such performance-based vesting conditions were satisfied on May 19, 2026.
Signature
/s/ Vargas Molero, Maria on behalf of and as attorney-in-fact for Brady, Dara|2026-05-21