Intesa: more than 8 out of 10 bank employees have signed up to the incentive scheme
83.7% of eligible participants voluntarily signed up to the LECOIP 2026–2029 long-term plan
More than eight out of ten Intesa Sanpaolo bank employees have voluntarily signed up to the Lecoip long-term incentive scheme for 2026–2029.
According to figures released by the bank, the scheme covered 52,863 employees, or 83.7% of those eligible, a figure that reflects both the employees’ sense of belonging and their confidence in future projects and in the 2026–2029 business plan of the institution led by Carlo Messina.
The go-ahead for the plan was given by the board of directors, which, in addition to the Lecoip 2026–2029 scheme, also approved the long-term incentive scheme, the Performance Share Plan 2026–2029, intended for the entire management team, including the managing director and CEO, senior risk takers and group risk takers within the Italian and international operations.
As regards Lecoip, the bank will proceed with the capital increases, whilst for the performance share plans it will allocate PSP (Performance Share Plan) rights to each manager. For Lecoip, a bonus issue is planned involving the issue of up to 76 million ordinary shares of Intesa Sanpaolo, for the allocation of so-called Free Shares and Matching Shares, a paid-up capital increase for a maximum total amount of €720 million, with the issue of 170 million ordinary Intesa shares (discounted shares) applying a maximum discount of 18% on the market price of the share, calculated as the average of prices observed in the 30 days prior to the issue date. The participation of the group’s 52,863 employees represents a value, corresponding to the Free Shares and Matching Shares, of approximately €167 million.
This is the fourth edition of Lecoip (the previous ones took place in 2014, 2018 and 2022) and its objectives include motivating and retaining staff, supporting alignment with the 2026–2029 Business Plan, promoting identification with and a sense of belonging to the group, and steering performance towards long-term sustainability.
