The Shareholders’ Meeting held on April 26, 2012 approved a Stock Grant Plan for the 2012-2013-2014 three-year period, granting Ferragamo Group’s top management with the right to receive, for free, a maximum number of 500,000 ordinary Company shares, provided that certain performance targets were achieved at the end of the aforesaid three-year period.
By adopting the Stock Grant Plan, the Company has set a target for motivating the Group’s key resources beforehand, favouring their loyalty, granting instruments representing the Company’s value, thus aligning the interests of all Plan beneficiaries with that of the shareholders, as well as enhancing the Group’s medium and long term performance as a whole and, hence, creating value for the investors in the Company’s venture capital.
The Shareholders’ Meeting held on April 21, 2016 has approved the Stock Grant Plan 2016 - 2020, granting Salvatore Ferragamo Group’s management the right to receive, for free, a maximum number of 600.000 ordinary shares of the Company, provided that certain performance targets were achieved at the end of each cycle of the Plan (1°cycle: 2016 – 2018 and 2°cycle: 2017 – 2020).
By adopting the Stock Grant Plan, the Company has set a target for motivating the Group’s key resources beforehand, favoring their loyalty, granting instruments representing the Company’s value, thus aligning the interests of all Plan beneficiaries with that of the shareholders, as well as enhancing the Group’s medium and long term performance as a whole and, hence, creating value for the investors in the Company’s venture capital.
- Updated Information Document – March 26, 2020.pdf (209 KB)
- Third Update_Information Document on Stock Grant Plan 2016-2020.pdf (199 KB)
- Second Update_Information Document StockGrant Plan Grant 2016-2020.pdf (289 KB)
- Update_Information Document StockGrant Plan Grant 2016 - 2020.pdf (343 KB)
- Information document - Stock Grant Plan 2016 - 2020.pdf (399 KB)
On 14 December 2021 the Shareholders’ Meeting resolved to approve the medium / long-term incentive plan referred to as “Special Award 2022-2026”, which provides for the assignment of ordinary shares of Salvatore Ferragamo S.p.A. – upon the achievement of certain conditions – to the Chief Executive Officer and General Manager, as well as to any other top managers of the Ferragamo Group.
The medium-long term variable bonus will be paid, upon achievement of specific objectives, in two tranches to be paid 50% in cash and 50% in Shares, respectively, (a) at the end of the first three-year period commencing on 1 January 2022 and (b) at the end of the following two-year period.
The Plan is designed to strengthen, particularly as part of the overall remuneration package for the Chief Executive Officer and General Manager and any additional beneficiaries, the alignment of interests between top management and all the Ferragamo Group's stakeholders, the creation of value, providing incentives for the beneficiaries to achieve the Company's medium/long-term objectives, which will be reflected in the strategic plan currently being drawn up, and also encouraging their retention.
On December 14, 2021, the Shareholders' Meeting approved the incentive plan named Restricted Shares Plan (the “Plan”), whose details are contained in the related Information Document.
On April 26, 2023, the Shareholders' Meeting approved certain amendments to the Plan, which currently provides for the assignment of Restricted Shares of the Company to the Chief Executive Officer and General Manager (the "Beneficiary") on the terms and conditions detailed in the related Information Document.
On 26 April 2023 the Shareholders’ Meeting approved the stock grant’s plan named Performance Plan and Restricted Shares 2023-2025.
The Plan is divided into three cycles (the first relating to the 2023-2025 vesting period, the second relating to the 2024-2026 vesting period and the third relating to the 2025-2027 vesting period) and provides for, for each cycle, the assignment, under the terms and conditions set out in the related Information Document, of Shares in the Company to certain employees and/or directors and/or collaborators of Salvatore Ferragamo SpA and/or other companies belonging to the Salvatore Ferragamo Group considered to be key resources (and, therefore, to be retained with a view to retention) for the purposes of pursuing sustainable success in the medium-long term.
The Plan is therefore aimed at strengthening the alignment of interests between management and all Group stakeholders, fostering in particular motivation and loyalty to the Company and the Group.
