McGuinness Jason Paul 4
Research Summary
AI-generated summary
Ryanair (RYAAY) CCO Jason McGuinness Receives RSUs, Sells Shares
What Happened
Jason McGuinness, Chief Commercial Officer (Ryanair DAC), had a 2023 conditional Restricted Stock Unit (RSU) award vest on May 19, 2026. The award converted one-for-one into 26,867 ordinary shares. To satisfy tax withholding on the vesting, he sold 12,562 shares in an open-market sell-to-cover transaction at $26.01 per share, generating $326,738. He retained the remaining 14,305 shares from the vested award (retained-share price reported as EUR 22.42, converted to USD = $25.99 per share; retained position ≈ $372k).
Key Details
- Transaction date: May 19, 2026. Open-market sale price: $26.01; sale proceeds = $326,738.
- Award conversion: 26,867 RSUs converted to 26,867 common shares (one-for-one).
- Shares retained from this settlement: 14,305.
- Footnotes: F1 — RSUs convert one-for-one; F2 — 12,562 shares sold pursuant to sell-to-cover for tax withholding; F3 — retained-share price was EUR 22.42, converted to USD by FX rate 1.16 (reported as $25.99); F4 — the RSU award (granted Mar 9, 2023) included performance conditions that were satisfied on May 19, 2026.
- Filing status: No late filing indicated in the report.
Context
- This was a vesting/settlement of RSUs with a routine sell-to-cover for tax obligations, not an independent market sale of previously held shares. The report includes both the conversion of the derivative award and the subsequent portion sold to cover taxes. Such sell-to-cover transactions are common after vesting and do not necessarily indicate a change in the insider’s view on company prospects.