Sign In
    • gunnebo.com
    • Partner log-in
    • Subscribe
    • På Svenska
Gunnebo Group Investor Relations
Gunnebo Group Investor Relations
Search
  • -
  • Investors
    • Results
      • Previous Results
    • Annual Reports
    • Share Information
      • Analysts
      • Insider Positions
      • Major Shareholders
      • Share Capital Development
      • Share Distribution
    • Presentations
    • Financial Statistics
    • Financial Calendar
    • Risk Analysis
    • Financial Definitions
    • Capital Markets Day
  • Press
    • Press Releases
      • Archive
      • Non-Regulatory
      • Regulatory
    • Security Magazine
    • Press Kit
    • Gallery
  • Careers
    • Vacancies
    • Talent Development
    • Responsible Employer
    • Careers Contacts
  • Governance
    • Executive Management
    • Board of Directors
      • Board Committees
      • What the Board Does
    • Nomination Committee
    • Annual General Meetings
      • AGM 2018
      • Previous General Meetings
    • RemunerationCurrently selected
    • External Auditing
    • Internal Control
  • Sustainability
    • Sustainability Journey
    • Sustainability Targets
    • Sustainability Stories
  • About
    • Offering
    • History
      • Major Acquisitions and Divestments
    • Brands
    • Locations
    • Gunnebo's Market
      • Region EMEA
      • Region Americas
      • Region Asia-Pacific
    • Glossary
  • Contact
Search

Skip Navigation Linksincentive-programme Incentive Programme

  • Gunnebo Group
    • Gunnebo Group Investor Relations
      • Incentive Programme

​GOVERNANCE

Principles for Remuneration


Principles for remuneration to senior executives decided by the AGM can be found here.

Remuneration to senior executives in 2017 amounted to 31 397 TSEK (41 993) excluding pensions costs and to 38 261 TSEK (49 080) including pension costs.

For more information regarding remuneration to the Board of Directors and to senior executives during 2017, see Note 4 in the 2017 Annual Report.

Incentive Programmes 

Incentive programme 2012 

Incentive Programmes Incentive programme 2012 In connection with the 2012 Annual General Meeting (AGM) an incentive programme was adopted for 50 senior executives. The market value of the warrants was determined externally using the Black & Scholes valuation model and the price was set at SEK 4.00 per warrant. A warrant gives the holder the right to subscribe to a share in Gunnebo AB at a price of SEK 31.40 during certain periods in 2015-2016. The last of the warrants were exercised in 2016 and the programme is now fully settled.

Long-term incentive programme LTIP 2015

The 2015 AGM decided on a long-term share-based incentive programme for a maximum of 20 employees including the President, members of GET and other key personnel within the Group. The programme requires that the participant invests in Gunnebo shares within LTIP 2015 ("Savings shares"). The Savings shares must be kept for a three-year earning period from 1 June 2015 to 1 June 2018. Providing that the participant still owns the shares and is still employed within the Group at the end of the earning period, the participant is entitled to receive one Gunnebo share free of charge for each Savings share he/she has invested in ("Matching shares"). Furthermore, the company's President is entitled to receive a maximum of four Gunnebo shares per Savings share, and the other participants are entitled to receive up to three Gunnebo shares if certain performance goals have been met ("Performance Shares"). Allocation of Performance shares will be based on minimum and maximum levels of earnings per share during the vesting period as determined by the Board. The minimum and maximum levels have been set at SEK 8.00 and SEK 14.00 accumulated earnings per share over a three-year period.

The expected pay-out under this programme is that Matching shares of 103,580 can be allotted depending on the remaining employment condition being fulfilled by the participants and that the saving shares have remained in the employee’s securities account during the whole vesting period. No allotment of Performance shares will be made as the related targets have not been fulfilled. The cost of the LTIP 2015 is based on the share price at grant date times the expected number of shares to be issued and is spread over the vesting period from 1 June 2015 to 1 June 2018. The share price at grant date was determined to be SEK 37.80 and excludes the present value of expected dividends during the period up until the shares are distributed, in accordance with the terms of the programme.

Amounts expensed in 2017 amounted to MSEK +2.2 (–3.6) including social charges of which MSEK +1.8 related to GET members. The provision in the balance sheet amounted to MSEK 4.2 (6.4) including social charges.

Long-term share based incentive programme (LTI 2017/2021)

The AGM approved the implementation of a long-term share based incentive programme (LTI 2017/2021) comprising 20 participants employed within the Group, including the CEO. Under this programme, the participants will receive, subject to the performance and development of three different performance conditions during the financial year 2017, shares free of charge on the allotment day, which will occur after the 2021 Annual General Meeting but before 30 June 2021. The maximum number of shares that may be received shall correspond to 20 percent of the participant’s actually paid salary 2017, however with certain limitations regarding the maximum number of shares that can be allotted to each participant. A maximum total of 212,986 shares may be allotted excluding shares to cover the cost of social security contributions. Additionally, allotment of shares is conditional upon the participant being employed within the Group until the expiration of 2020. No allotment will be made under this programme due to the non-achievement of the performance conditions.

Principles

  • Proposed Principles for Remuneration
  • Executive Management
  • Board of Directors
    • Board Committees
    • What the Board Does
  • Nomination Committee
  • Annual General Meetings
    • AGM 2018
    • Previous General Meetings
  • Remuneration
  • External Auditing
  • Internal Control

I'm looking for

  • Job Opportunities
  • Financial Results
  • Press Kit
  • Products & Services
  • Partner Portal

Stay updated

  • LinkedIn
  • Subscribe to Reports
  • Press Releases
  • Financial Presentations
  • Upcoming Events
  • Find Us on Social Media

Contact

  • Investor Relations
  • Human Resources
  • Group Purchasing
  • Head Office
  • Gunnebo Worldwide
  • I Have a Question
  • gunnebo.com
  • Privacy and Cookies
  • info@gunnebo.com
  • © copyright Gunnebo AB 2018