Article 19 of the Market Abuse Regulation (“MAR”), sets out statutory regulations with regard to managers’ transactions of persons discharging managerial responsibilities at an issuer of financial instruments as well as of persons closely associated with them.
Closely associated persons are the spouse, registered partner, dependent children and any other relatives with whom the person discharging managerial responsibilities has lived in the same household for at least one year at the time of conclusion of the respective transaction, and under certain conditions legal persons, trusts or partnerships.
Under MAR, the persons concerned are obligated to notify the respective transaction upon conclusion to the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, “BaFin”) and the respective issuer.
Transactions must be notified once they exceed the threshold of EUR 20,000.00 in a calendar year. It is not required that earlier transactions which were initially beneath the threshold be notified subsequently.
The template, the use of which is mandatory for all notifications, requires, i.a., that the following data be published:
- Details of the persons discharging managerial responsibilities/persons closely associated with them
- Reason for the notification
- Details of the issuer
- Details of the transaction (price, nature/volume)
Listed below are transactions for the financial years 2013 through today with shares of
adidas AG / ISIN DE000A1EWWW0:
June 5, 2024 • Managers Transactions
adidas AG: Linda Evenhuis, The Supervisory Board member participates in the adidas employee stock purchase plan. In this context, she has agreed with adidas AG to invest a percentage of 10% of the monthly salary – provided she does not change or terminate the participation – in the purchase of adidas AG shares which is supported by adidas AG with a 15% discount on the market price. A service provider purchases adidas AG shares for the Supervisory Board member at the end of each quarter. At the end of the one-year holding period, the participants receive free matching shares from adidas AG at a ratio of 1:6. Matching shares that have vested shall be delivered to the participants by the Company to the custody account at or promptly following the end of the applicable vesting period. If participant's entitlement to matching shares is not equal to a whole share, the participant will receive a fraction of a share at the same ratio. In addition, participants are entitled to dividends on their full investment shares and matching shares. Participants are entitled to fractional dividends on their fractional shares and matching shares. For as long as the participant maintains the shares in the custody account, dividends in respect of such shares will not be paid in cash but will be applied by the custodian bank (less commissions, transaction fees, taxes and duties) to purchase additional shares. The additional shares will be delivered to the custody account for the benefit of the participant as soon as practicable after purchase. These shares will be purchased at their market price without discount. Shares purchased through the reinvestment of dividends will not be entitled to matching shares.
Read MoreJune 5, 2024 • Managers Transactions
Linda Evenhuis
Read MoreJune 5, 2024 • Managers Transactions
adidas AG: Petar Mitrovic, The Supervisory Board member participates in the adidas employee stock purchase plan. In this context, he has agreed with adidas AG to invest a percentage of 10% of the monthly salary – provided he does not change or terminate the participation – in the purchase of adidas AG shares which is supported by adidas AG with a 15% discount on the market price. A service provider purchases adidas AG shares for the Supervisory Board member at the end of each quarter. At the end of the one-year holding period, the participants receive free matching shares from adidas AG at a ratio of 1:6. Matching shares that have vested shall be delivered to the participants by the Company to the custody account at or promptly following the end of the applicable vesting period. If participant's entitlement to matching shares is not equal to a whole share, the participant will receive a fraction of a share at the same ratio. In addition, participants are entitled to dividends on their full investment shares and matching shares. Participants are entitled to fractional dividends on their fractional shares and matching shares. For as long as the participant maintains the shares in the custody account, dividends in respect of such shares will not be paid in cash but will be applied by the custodian bank (less commissions, transaction fees, taxes and duties) to purchase additional shares. The additional shares will be delivered to the custody account for the benefit of the participant as soon as practicable after purchase. These shares will be purchased at their market price without discount. Shares purchased through the reinvestment of dividends will not be entitled to matching shares.
Read MoreJune 5, 2024 • Managers Transactions
Petar Mitrovic
Read MoreJune 5, 2024 • Managers Transactions
adidas AG: Paul Seline, The Supervisory Board member participates in the adidas employee stock purchase plan. In this context, he has agreed with adidas AG to invest a percentage of 10% of the monthly salary – provided he does not change or terminate the participation – in the purchase of adidas AG shares which is supported by adidas AG with a 15% discount on the market price. A service provider purchases adidas AG shares for the Supervisory Board member at the end of each quarter. At the end of the one-year holding period, the participants receive free matching shares from adidas AG at a ratio of 1:6. Matching shares that have vested shall be delivered to the participants by the Company to the custody account at or promptly following the end of the applicable vesting period. If participant's entitlement to matching shares is not equal to a whole share, the participant will receive a fraction of a share at the same ratio. In addition, participants are entitled to dividends on their full investment shares and matching shares. Participants are entitled to fractional dividends on their fractional shares and matching shares. For as long as the participant maintains the shares in the custody account, dividends in respect of such shares will not be paid in cash but will be applied by the custodian bank (less commissions, transaction fees, taxes and duties) to purchase additional shares. The additional shares will be delivered to the custody account for the benefit of the participant as soon as practicable after purchase. These shares will be purchased at their market price without discount. Shares purchased through the reinvestment of dividends will not be entitled to matching shares.
Read MoreJune 5, 2024 • Managers Transactions
Paul Seline
Read MoreJune 3, 2024 • Managers Transactions
adidas AG: Bastian Knobloch, The Supervisory Board member participates in the adidas employee stock purchase plan. In this context, he has agreed with adidas AG to invest a percentage of 5% of the monthly salary – provided he does not change or terminate the participation – in the purchase of adidas AG shares which is supported by adidas AG with a 15% discount on the market price. A service provider purchases adidas AG shares for the Supervisory Board member at the end of each quarter. At the end of the one-year holding period, the participants receive free matching shares from adidas AG at a ratio of 1:6. Matching shares that have vested shall be delivered to the participants by the Company to the custody account at or promptly following the end of the applicable vesting period. If participant's entitlement to matching shares is not equal to a whole share, the participant will receive a fraction of a share at the same ratio. In addition, participants are entitled to dividends on their full investment shares and matching shares. Participants are entitled to fractional dividends on their fractional shares and matching shares. For as long as the participant maintains the shares in the custody account, dividends in respect of such shares will not be paid in cash but will be applied by the custodian bank (less commissions, transaction fees, taxes and duties) to purchase additional shares. The additional shares will be delivered to the custody account for the benefit of the participant as soon as practicable after purchase. These shares will be purchased at their market price without discount. Shares purchased through the reinvestment of dividends will not be entitled to matching shares.
Read MoreJune 3, 2024 • Managers Transactions