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2d ago

Ryanair’s Michael O’Leary to receive €111m bonus as shares surpass target

The payout originates in a 2019 share-based incentive with a 2022 retention agreement designed to keep O’Leary at the helm.

Michael O’Leary: “I think Ryanair shareholders are getting a particular value out of our share options”
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Overview

  • Under a long-standing scheme, Ryanair shares closed above €21 for 28 consecutive days, triggering O’Leary’s eligibility for the bonus.
  • O’Leary is set to acquire 10 million shares at €11.12 each, equating to a €111m award if he remains CEO until July 2028.
  • The carrier reported a record 200.2 million passengers in its 2024-25 financial year, marking a 9% increase year-on-year.
  • Ryanair’s share price has more than doubled over the past five years, recovering from a €8 low during the Covid lockdowns.
  • Luke Hildyard of the High Pay Centre has criticized the payout as excessive given O’Leary’s existing billionaire status.