FLSmidth updates on financial and sustainability performance-based incentives plan

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Denmark: FLSmidth says that it has allocated performance shares to 160 executive managers and key staff under its Long-Term Incentive programme. The shares have a three-year vesting period and are subject to fulfilment of stretched targets. Applicable targets are earnings before interest, taxation and amortisation (EBITA) margin, total shareholder return and MissionZero emissions reduction programme performance. The supplier estimated the cost of the plan as Euro6.98m assuming full vesting.

The company said, “The primary purpose of the programme is to retain key staff and to align the interests of shareholders and the incentive programme participants by rewarding performance in accordance with the company’s strategy.”

Last modified on 31 March 2021

URL: https://www.globalcement.com/news/item/12190-flsmidth-updates-on-financial-and-sustainability-performance-based-incentives-plan

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