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,
and orders received growth in the stable business
(Services and Automation business lines)

Comparable EBITA as a percentage of net sales,
and orders received growth in the stable business
(Services and Automation business lines)

Comparable EBITA as a percentage of net sales,
and orders received growth in the stable business
(Services and Automation business lines)

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 
of shares

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).

 

 

Updated; Aug 6, 2020