Outokumpu’s next plan period for share-based programs
Outokumpu Oyj
Stock exchange release
December 13, 2022 at 3.30 pm EET
Outokumpu’s next plan period for share-based programs
The Board of Directors has now approved the commencement of Outokumpu’s share-based programs for the period 2023–2025, Performance Share Plan and Restricted Share Pool. The plans commence at the beginning of 2023.
The earning criteria of the Performance Share Plan for this period are Outokumpu's return on capital employed and CO2 emissions per ton of crude steel produced. The maximum number of participants in the plan period 2023–2025 is 200 key employees. The maximum number of gross shares (taxes included) that can be allocated is 3,700,000.
The Restricted Share Pool is used for a limited number of employees, i.e. key recruitments, exceptional performance, high potential, retention need, and other individual specific situations. The maximum number of gross shares (taxes included) that can be allocated is 250,000 shares for the plan period 2023–2025.
The share rewards will be distributed in spring 2024 (RSP first tranche), 2025 (RSP second tranche) and 2026 (RSP third tranche and PSP), if the employment conditions and performance criterion are met. Applicable taxes will be deducted from gross shares, and the remaining net value will be delivered to the participants in Outokumpu shares.
More information on share-based programs and their terms is available at www.outokumpu.com/en/investors/governance/remuneration/share-based-incentive-programs.
For more information:
Media: Päivi Allenius, VP – Communications, tel. +358 40 753 7374
Investors: Linda Häkkilä, Investor Relations Manager, tel. +358 40 071 9669
Outokumpu Oyj
Outokumpu is the global leader in stainless steel. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs some 9,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com