Internal dealing
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Internal dealing

Internal dealing refers to transparency requirements for operations relating to Shares or Debt Instruments issued by listed companies, as well as derivatives or other relating financial instruments carried out by representatives of the Companies themselves, Relevant Shareholders and by persons closely connected to them. At Snam, internal dealing is governed by the Market Abuse Guide Line.

Any transactions that are considered “relevant” by the rules laid down by Consob, Italy’s markets authority, must be disclosed. At Snam, internal dealing imposes these requirements on:

  • Chairman (Monica de Virgiliis)
  • Chief executive officer (Stefano Venier)
  • Directors (Massimo Bergami, Laura Cavatorta, Augusta Iannini, Piero Manzoni, Rita Rolli, Qinjing Shen, Alessandro Tonetti)
  • Chairman of the board of statutory auditors (Stefano Gnocchi)
  • Standing statutory auditors (Gianfranco Chinellato, Ines Gandini)
  • Managers with strategic responsibilities: Chief Financial Officer e Chief International & Business Development Officer (Alessandra Pasini ), Chief Industrial Assets Officer (Massimo Derchi ), EVP Human Resources, Organization & PFM (Paola Boromei )
  • Shareholders holding at least 10% of the Company's share capital (CDP RETI S.p.A.)
 

Shareholdings held by directors and Statutory Auditors

  

Name Post Entity Number of shares owned as of 31 December 2020 Number of shares acquired in 2021 Number of shares sold in 2021 Number of shares owned as of 31 December 2021
Marco Alverà CEO  Snam 403,879 667,010 (a) 288,148(b) 782,741
Francesco Gori Chief Snam 0 43 43 0
Donata Paola Patrini (c) Regular Auditor Snam 7,000 (c) 0 7,000 (c) 0
            782,741

(a) Free allocation of Snam ordinary shares following the conclusion of the Vesting Period as provided for in the "2017 - 2019 Long-Term Share Incentive Plan" approved by the Shareholders' Meeting of 11 April 2017 The number represented also includes 83,964 of shares allocated as dividend equivalen.

(b) Shares sold on 30 July 2021, for purposes of meeting the tax liability associated with the share award.

(c) Shares owned by the spouse.

 

Shareholdings held by Snam managers with strategic responsibilities

  

Snam managers with strategic responsibilities Entity Number of shares owned as of 31 December 2020 Number of shares purchased in 2021 Number of shares sold in 2021 Number of shares owned as of 31 December 2021
Managers with strategic responsibilities (a) Snam 117,741 302,704 (b) 169,858 (c) 250,587
 
(a)  The composition of Managers with Strategic Responsibilities did not change in 2021. There are 3 Managers with Strategic Responsibilities.
 
(b) Of which 302,354 shares from a free grant of Snam ordinary shares on 30 July 2021 following the conclusion of the Vesting Period as provided for in the "2017 - 2019 Long-Term Share Incentive Plan" approved by the Shareholders' Meeting of 11 April 2017 and 350 shares purchased by a Manager with Strategic Responsibilities following the exercise of the option right (15 April 2021).
 
(c)  Of which 130,617 shares were sold on 30 July 2021, for purposes of meeting the tax liability associated with the share award and 39,241 shares were subsequently sold by two Managers with Strategic Responsibilities.
 
Snam’s remuneration policies

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Snam’s Market abuse policy

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Snam’s shares

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updated
27 April 2022 - 10:04 CEST