Michael O’Leary unlocks double Ryanair windfall thanks to share price rise

Ryanair CEO Michael O’Leary at the airline’s headquarters in Swords. Photo: Steve Humphreys

Ryanair’s rising share price over the past month has delivered a double windfall to Michael O’Leary.

The high-profile businessman has met a key condition to lock in a shares bonus worth around €128m after Ryanair stock closed above €21 for a 28th straight day on Thursday.

As long as O’Leary is still in his job in July 2028, he now has a right to buy 10 million Ryanair shares at €11.12 each – less than half the current value.

The rising share price also pays off in the short term for Mr O’Leary, lifting the value of the 44.1 million shares he already owns.

That stake has increased in value by €128m since the start of May, as Ryanair shares rose from €20.43 each to €23.34 a share by Friday afternoon.

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