Juan Santamaría hace caja con el plan de acciones de ACS

Juan Santamaría, the CEO of the construction firm, earned a gross profit of 23 million euros by exercising options on his company's shares as part of a long-term incentive plan. This followed a similar move by ACS president Florentino Pérez earlier in August. According to CNMV records, Santamaría followed Pérez's plan by exercising his options on 295,000 shares at a price of 31.55 euros per share in August.

He then sold the shares on the same day for 109.62 euros apiece, generating a gross income of 32.33 million euros. After accounting for the cost of acquisition, Santamaría's gross profit amounted to 23.03 million euros. Pérez also earned the same 23 million euro profit by exercising 295,000 options on August 4th and selling the shares for 110.23 euros apiece on August 6th.

The company's CFO, Emilio Grande Royo-Villanova, also exercised his right to buy shares at 31.55 euros and sell them on the market on August 4th, earning 9.5 million euros in profit. The options were part of ACS's Long-term Incentive Plan 2023-2028, with a lock-up period ending on June 30th, 2026, after which directors could exercise their right to buy shares at 31.55 euros and sell them on the market.

The finalization of these options depended on meeting certain management metrics between 2023 and 2025, which included achieving a return on equity (ROE) of 10% and ranking in the top percentile of the Dow Jones Sustainability Index.