Stock exchange release
Vaisala’s Board of Directors resolved on a long-term Performance Share Plan
Vaisala’s Board of Directors approved a Performance Share Plan for company’s key employees. The aim of the long-term plan is to align the objectives of Vaisala’s shareholders and key employees in order to increase the value of the company in the long-term and commit key employees to the company.
The potential rewards from the Performance Share Plan 2021–2023 will be based on the Total Shareholder Return of Vaisala’s share (TSR) and operating profit during the performance period. The rewards to be paid on the basis of the Performance Share Plan 2021–2023, in the event that maximum performance against all the performance criteria is achieved, correspond to the value of an aggregate 180,000
The potential rewards from the Performance Share Plan 2021–2023 will be paid partly in the company’s shares and partly in cash in 2024. The cash proportion is intended to cover taxes and tax-related costs arising from the rewards. According to terms and conditions, rewards will be paid to participants whose employment or service continues at the time of the payment.
Vaisala’s Board of Directors also requires, that the President and CEO and each member of the
Additional information
Tel. +358 40 577 5066
Distribution
Nasdaq
Key media
vaisala.com
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