AptarGroup Details Executive Compensation for Incoming CEO Gael Touya, Including €2.5M Deferred Contribution

summarizeSummary

AptarGroup filed its definitive proxy statement, detailing the compensation package for incoming CEO Gael Touya, including a €2.5 million deferred contribution, and outlining proposals for the upcoming annual shareholder meeting.

check_boxKey Events

• Incoming CEO Compensation Detailed

  Gael Touya, the incoming President and CEO effective September 1, 2026, will receive an initial annual base salary of $1,060,000, a target annual short-term incentive of 120% of base, and an annual long-term incentive target of not less than 500% of base salary. Additionally, he will receive a fully vested employer contribution to a nonqualified deferred compensation plan equal to €2,506,320 (approximately $2.7 million USD).

• Outgoing CEO Advisory Role Compensation

  Stephan Tanda, the retiring CEO, will continue as a strategic advisor through December 31, 2026, with his base salary and benefits maintained at 2025 levels. He remains eligible for a 2026 short-term incentive (130% of base) and long-term incentive award (605% of base).

• Annual Shareholder Meeting Scheduled

  The annual meeting of stockholders is set for May 6, 2026, with proposals including the election of four director nominees, an advisory vote on executive compensation, and the ratification of PricewaterhouseCoopers LLP as the independent auditor for 2026.

• Executive Compensation Overview

  The filing provides a comprehensive overview of 2025 executive compensation for all Named Executive Officers, including base salaries, short-term and long-term incentives, and a CEO to median employee pay ratio of 151 to 1.

auto_awesomeAnalysis

This definitive proxy statement provides crucial financial details regarding the previously announced CEO transition. The disclosure of incoming CEO Gael Touya's compensation package, particularly the €2.5 million deferred compensation, offers investors transparency into the significant costs associated with this leadership change. While the CEO transition itself was announced earlier, these specific financial terms are new and material, impacting the company's future compensation structure and financial commitments. The filing also outlines the company's robust corporate governance framework and ongoing sustainability initiatives, which are important for long-term investor confidence.