Outokumpu’s next plan period for share-based programs
Outokumpu Oyj
Stock exchange release
December 15, 2023 at 3.45 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, Performance Share Plan and Restricted Share Pool, for the period 2024–2026. The plans commence at the beginning of 2024.
The earning criteria of the Performance Share Plan (PSP) for this period are Outokumpu’s return on capital employed (80% weight) and CO2 emissions per ton of crude steel produced (20% weight). Both criteria must be met for the plan to pay out. The maximum number of participants in the plan period 2024–2026 is 200 key employees. The maximum number of gross shares (taxes included) that can be allocated is 3,700,000.
The Restricted Share Pool (RSP) 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 500,000 shares for the plan period 2024–2026.
The share rewards will be distributed in the spring of 2025 (RSP’s first tranche), 2026 (RSP’s second tranche) and 2027 (RSP’s 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:
Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 400 719 669
Media: Päivi Allenius, VP – Communications & Brand, tel. +358 40 753 7374 or Outokumpu media desk, +358 40 351 9840
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 approximately 8,500 professionals in close to 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com