Home » Exor-Ferrari, Elkann almost doubles his earnings. But the real treasure…

Exor-Ferrari, Elkann almost doubles his earnings. But the real treasure…

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Exor-Ferrari, Elkann almost doubles his earnings.  But the real treasure…

Exor-Ferrari, Elkann almost doubles his earnings. But the real treasure…

John Elkann, the leader of Exor, saw a notable increase in his compensation in 2023. As CEO of the holding company, he received a total remuneration of 8.4 million euroscompared to 4.1 million the previous year. Added to this is another 2.39 million euros in compensation from the subsidiary Ferraria slight increase compared to 1.977 million the previous year.

Overall, Elkann earned almost 10.8 million euros last yeara significant increase compared to just over 6 million the previous year.

This represents a redemption for Elkann, considering that in the previous five years his average salary at Exor (without considering compensation from Ferrari) stood at around 4 million euros. His compensation is based primarily on variable incentives linked to financial performance, which are regularly achieved or exceeded.

However, Elkann’s real treasure is represented by the stock options linked to Exor’s long-term incentive planswhich he has accumulated since joining the company in 2011. These stock options are closely linked to the financial performance and market value of the company, objectives that have been consistently achieved over the years.

Elkann has already exercised the first two stock option plans, obtaining a significant gain from the sale of the shares. Now, the third incentive plan, launched in 2016, has reached maturity at the end of 2023, allowing Elkann to exercise and sell a package of 1.6 million shares at an exercise price of 32.38 euros per share. Considering the current value of Exor shares, Elkann has the possibility of obtaining a significant profit from this long-term incentive plan, thus transforming his virtual treasure into cash.

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