Somehow the share price needs to increase to 120GBP over the next 5 years, in order for 'Joe' to gain a 100 million GBP bonus, and the leadership team a combined 50 million.
But let's look at the bright side - up to 5 additional monthly base salaries until then for all the other employees ;-)
https://www.ft.com/content/b30bac06-...d-60bb5e30005b
Wizz Air will hand its chief executive Jozsef Varadi a £100m bonus if he can rapidly grow the low-cost airline as it emerges from the pandemic, setting up one of the biggest ever payouts from a London-listed company. Varadi will need to more than double Wizz’s share price from £48 to £120 over the next five years to hit the one-off award, which would be paid in shares over a four-year period, according to documents sent to shareholders ahead of the company’s annual meeting and seen by the Financial Times. The potential windfall underlines Wizz’s aggressive expansion plans across Europe, as well as its reliance on Varadi to execute them. It would also leave the Hungarian better paid than almost all his peers in the European airline industry, including Ryanair boss Michael O’Leary, who signed a contract in 2019, which included a €99m payout from stock options, dependent on the airline’s share price or profitability over five years....
...The £100m is the maximum Varadi can be paid if the share price increases at a compound annual growth rate of 20 per cent over the five years. Anything between a 10 and 20 per cent growth rate will lead to him being paid between £20m and £100m, depending on share price performance. Varadi will also need to hit an emissions and gender diversity target. In a letter to shareholders ahead of the annual meeting, the chair of Wizz’s remuneration committee Barry Eccleston said the payout was needed to ensure Varadi committed his future to the Hungarian-based airline. Varadi’s contract ran out at the end of last year, and was extended while a new offer was drawn up. He has taken a pay cut during the pandemic, with a €1.97m salary this year. Wizz’s board met investors representing about half of the company’s shares to discuss the bonus, and subsequently beefed up the performance target. Shareholders will need to back the package at the annual meeting on July 27, which also includes a £50m bonus pool for other senior leadership, and smaller bonuses for all staff including cabin crew, whose comparatively low wages have helped make Wizz Air so competitive.