Stock exchange release
Outokumpu - Next plan period 2022-2024 for share-based programs and a payment of the 2021 share rewards
As part of the long-term incentive programs for key employees in Outokumpu, the Board of Directors has approved the commencement of the plan period 2022-2024 for the company's share-based programs. Furthermore, the Board approved the deliveries of a share reward from the
Plan periods for share-based programs 2022-2024
The Board of Directors has approved the commencement of Outokumpu's share-based programs for the period 2022-2024, the Performance Share Plan and the
The earning criteria of the Performance Share Plan for this period are Outokumpu's return on capital employed. The maximum number of participants in the plan period 2022-2024 is 150 key employees. The maximum number of gross shares (taxes included) that can be allocated is 3,700,000.
The share rewards will be distributed in the spring of 2025, 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.
A share reward in the
The Board of Directors has approved the delivery of a share reward in advance from the
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 40 071 9669
Media:
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 9,500 professionals in more than 30 countries, with headquarters in
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