Ryanair options are gold compared to easyjet's.
eJ share options, issued to pilots in 2001, lapsed in 2004 because the performance targets attached weren't met (surprise). Total value to staff = nil.
In 2003 more options were issued, exercisable in March 2006, again subject to performance targets. For these options to be fully exercisable next March, eJ needed to almost treble profits from the £68m just announced to £176m!!
Without the extra £83m increase in fuel costs the profits would still be £25m short of the performance target.
Total value to staff = nil
1/12/2005 eJ Director Amir Eilon excercised 500,000 options @ 161p.
How much did he trouser? About £800,000. Must be on a different performance target.