In 2007, as in previous years Fortis committed itself to granting restricted shares to the members of the Executive Committee and the management committees of several Fortis companies. The conditions of the commitments to grant and sell these restricted shares are described in note 11.
At year end, the following initial commitments to grant restricted shares had been made:
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(number of shares in '000) |
2007 |
2006 |
2005 1) | |||
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Number of commitments to grant restricted shares |
373 |
302 |
485 1) | |||
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End of holding period |
2 April 2010 |
2 April 2009 |
11 April 2008 | |||
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The value of commitments to grant restricted shares during 2007 totals EUR 8 million which are included in Staff expenses (2006: EUR 7 million; 2005: EUR 4 million).
The table below shows the changes in commitments for restricted shares during the year.
| Download XLS |
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(number of shares in '000) |
2007 |
2006 |
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Number of restricted shares committed to grant as at 1 January |
815 |
898 |
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Restricted shares committed to grant |
373 |
302 |
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Restricted shares sold |
(3) |
(79) |
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Commitments to restricted shares lapsed |
(85) |
(306) |
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Number of restricted shares committed to grant as at 31 December |
1,100 |
815 |