Kaczmarzyk Michal 4

What Happened

• Michal Kaczmarzyk, CEO of Buzz (a Ryanair business unit), had 23,029 Restricted Stock Units (2023 conditional award) vest and convert into 23,029 ordinary shares on May 19, 2026. The Form 4 reports an exercise/conversion (code M) acquiring 23,029 shares and a simultaneous derivative disposition of 23,029 shares. No price per share or total dollar value is reported (listed as N/A).

Key Details

• Transaction date: 2026-05-19; Form 4 filed 2026-05-21 (timely filing).
• Transaction codes: M = Exercise/conversion of a derivative (RSU conversion into common stock).
• Shares acquired: 23,029 (via conversion of RSUs). Shares disposed: 23,029 (reported as a derivative disposition).
• Price/value: Not reported (N/A) in the filing.
• Shares owned after transaction: Not specified in the supplied filing details.
• Footnotes:
  • F1: The RSUs (2023 conditional award under the 2019 LTIP) convert one-for-one into common stock.
  • F2: The RSUs were granted March 9, 2023; performance-based vesting conditions were satisfied on May 19, 2026.
• Filing timeliness: Filed within two business days of the transaction date (not late).

Context

• RSUs convert to actual shares when vesting conditions are met; that conversion increases the insider’s share count unless shares are immediately sold or transferred. The report shows both acquisition and an equal disposition on the same date, but the Form 4 does not disclose whether the disposition was an open-market sale, share transfer, or a tax-withholding sale. Such vesting/conversion events are routine executive compensation outcomes and are different from open-market purchases that signal direct insider buying interest.