McCann Tracey 4

What Happened
Tracey McCann, CFO of Ryanair DAC, had 26,867 restricted stock units (RSUs) convert into common shares on May 19, 2026. As part of a sell-to-cover tax withholding, she sold 8,197 of those shares in an open-market sale at $26.01 per share, generating $213,204 in proceeds. The remaining 18,670 shares were retained.

Key Details

• Transaction date: May 19, 2026; Form 4 filed May 21, 2026 (within the usual 2-business-day reporting window).
• Sale: 8,197 shares sold at $26.01 each, total proceeds $213,204.
• Conversion/award: 26,867 RSUs converted to 26,867 common shares (one-for-one).
• Shares retained from the award: 18,670. Retained-share price used in the filing: EUR 22.42 converted to USD at 1.16 = $26.01 (footnote).
• Footnotes: F1—RSUs convert one-for-one; F2—sale was sell-to-cover to satisfy tax withholding; F4—RSUs granted March 9, 2023 had performance conditions that were satisfied on May 19, 2026.

Context
This was not a market-timed purchase signal—rather a routine settlement of RSUs with a partial sale to cover taxes (cashless/sell-to-cover). The filing shows exercise/conversion of a derivative (the RSU award) and a simultaneous partial disposition to satisfy tax obligations; retained shares reflect the net position from the vesting event.