Long-term incentive plan 2018-2020
In December 2017, the Board of Directors of Valmet Oyj approved a long-term share-based incentive plan for Valmet's key employees. The plan includes three performance periods, which are the calendar years 2018, 2019 and 2020. Valmet's Board of Directors decided on the performance criteria and targets in the beginning of each performance period. The LTI Plan is directed to approximately 130 participants (including Executive Team members, key employees and management talents).
|
Performance period |
2018 |
2019 |
2020 |
|
Incentive based on |
Comparable EBITA as a percentage of net sales, |
Comparable EBITA as a percentage of net sales, |
Comparable EBITA as a percentage of net sales, |
|
Potential reward payment |
Was paid partly in Valmet shares and partly in cash in spring 2019 |
Was paid partly in Valmet shares and partly in cash in spring 2020 |
Will be paid partly in Valmet shares and partly in cash in spring 2021 |
|
Total number |
350,908 |
276,634 |
Approximate maximum of 440,000 shares |
The Board of Directors of Valmet Oyj approved in December 2017 a share ownership recommendation for Valmet's Executive Team members. All members of the Executive Team are recommended to own and hold an amount of Company shares equaling to their gross annual base salary (100 percent ownership recommendation).