The long-term share incentive plan consists of performance shares with a three-year performance period as well as restricted shares with a three-year retainment period, which is followed by the payment of the potentially attained share reward.
The earning criterion for the Performance Share Plan is Economic Value Added (50% target weight) and Earnings Per Share (50% target weight) during the period of 2021-2023. The target levels for EVA and EPS are decided and set ahead of each one-year period. The outcomes for each one-year period are accumulated, and the payout will be calculated based on the accumulated targets and outcomes after the three-year period. Share rewards will be paid in Stora Enso R shares, where legally possible.
The long-term share incentive plan for the period 2021-2023 covers a maximum of 300 employees. The long-term share incentive plan for members of the Stora Enso Group Leadership Team consists of performance shares only. The commencement and payment of the plan is conditional on approval by the Board of Directors.
The maximum value of the plan is set to be 17 MEUR at grant, which corresponds to 1 041 347 shares at the share price on
For further information, please contact:
EVP, Communications and Marketing
tel. +46 72 221 9228
Investor enquiries:
SVP, Investor Relations
tel. +358 40 763 8767
Part of the bioeconomy,
For further information, please contact:
EVP, Communications and Marketing
tel. +46 72 221 9228
Investor enquiries:
SVP, Investor Relations
tel. +358 40 763 8767
https://news.cision.com/stora-enso-oyj/r/stora-enso-oyj-s-share-based-long-term-incentive-plan-for-2021---2023,c3297568
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