He received more than US$2-million in short- and long-term cash bonuses. Martel had a 2021 salary of US$900,900 and share and option awards valued at US$2.8-million. Martel made US$2.96-million in 2020 after starting with the company on April 6 that year. For roughly a year ending in May, 2021, they consistently traded below $1.Īlso Friday, Bombardier disclosed it paid chief executive officer Éric Martel US$6.11-million in 2021. And it could help attract institutional investors that have internal policies that prohibit them from purchasing stocks below a certain minimum price, and investment dealers that discourage their brokers from recommending those stocks to clients.īombardier’s Class B shares last traded above $3 in March, 2019, and last traded above $5 in August, 2018. That could potentially increase the trading volume and liquidity, Bombardier believes. An increase “could heighten the interest of the financial community in the corporation and potentially broaden the pool of investors that may consider investing or may be able to invest in the corporation.” “Every shareholder will keep the same value and the same voting rights.”Įxplaining the reasons for the move, Bombardier says in its management circular filed Friday it believes it is desirable for its stock to trade at a higher share price. “It’s about rationalizing the total share volume of Bombardier,” he said. The share classes will be consolidated to the same ratio if the vote goes through, said Bombardier spokesman Mark Masluch, meaning the voting balance between the two would be maintained. Shareholders will vote on the proposal at the company’s May 5 annual meeting.Īs of March 7, Bombardier had outstanding 308,734,229 Class A shares, each of which has 10 votes at the company’s annual meeting, and 2,133,526,542 Class B subordinate voting shares, with one vote apiece. Bombardier says it will likely pick a ratio between 1-for-10 and 1-for-30, meaning its shares, which closed at $1.50 on the Toronto Stock Exchange Friday, would trade instead for $15 to $45.

Bombardier stock price