The board of
Performance-based share bonus system 2023
The performance-based share bonus system 2023 has three earning periods covering the financial years 2023, 2024-2025 and 2025-2026.
In the system, it is possible for the target group to earn shares in
In the earning period 2023, the rewards are based on the group's 2023 result, implementation of strategic projects, customer satisfaction (NPS) and set personal goals. The value of the bonuses to be paid for the earning period 2023 corresponds to a maximum of 2,000,000
In the earning period 2023, the target group includes approximately 11 key persons, including the CEO and other members of the management team.
A member of the management team must own at least 50 percent of the net number of paid shares, until the value of her or his share ownership in the company in total corresponds to 50 percent of the value of her or his gross annual salary. Correspondingly, the managing director must own at least 50 percent of the net number of shares paid, until the value of his share ownership in the company in total corresponds to the value of his gross annual salary. These amounts of shares must be owned as long as the person's membership in the management team or position as CEO continues.
General remarks
The rewards are paid partly in
Employee share issue and an additional share system
The board of directors is also planning an employee share issue and an additional share system (matching) to be offered to the entire personnel, in which the employees would have the opportunity to subscribe for the company's shares at a reduced price and, by subscribing, would earn the right to receive additional shares from the company at a later date. In the planned employee share issue, the entire personnel would be offered new company shares for subscription. The subscription price of the shares would be based on the average share price in
The board will decide on the details of the separately planned employee share issue, such as its conditions, the final maximum number of shares to be offered, the subscription price, matters related to the subscription and payment of shares, the terms of additional shares and other possible details later during the financial year 2023.
Board of Directors
Further information
https://news.cision.com/fellow-pankki-oyj/r/the-board-of-fellow-bank-plc-decided-on-the-incentive-schemes-for-key-personnel-and-the-planning-of-,c3699021
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