13 maj: Ekstraordinære indfrielser, Realkredit Danmark A/S
13 maj: Aktietilbagekøbsprogram - uge 19
13-05-2019 09:53:32

Vestas - Share-based incentive programme 2019

Vestas Wind Systems A/S, Aarhus, 13 May 2019

Company announcement No. 10/2019

The Board of Directors of Vestas Wind Systems A/S has decided to continue the share-based incentive programme for all participants, including the Executive Management, and launch a new programme for 2019 based on the terms and conditions governing the restricted performance share programme for the year 2018, cf. Vestas’ remuneration policy and general guidelines for incentive pay.

The share-based incentive programme follows the structure of the previous programme and will still be based on restricted performance shares. The programme has a performance period of three years and a performance measurement based on financial key performance indicators as well as commercial targets as defined by the Board of Directors.

Participants The Executive Management and other specified senior management level positions.

The programme for 2019 includes approx. 200 participants.

Number of shares The number of shares to be granted is based on a defined target level for each position. No payments for any grants are made by the participants. If all KPIs are reached on target level, a total of 300,000 shares will be granted from the programme with a total present value calculated based on the current share price amounting to EUR 23m (value at close of Nasdaq Copenhagen on 10 May 2019).

The actual number of restricted performance shares available for distribution may range between 0 and 150 percent of the target level and is determined by Vestas’ performance in the financial years 2019, 2020 and 2021. The maximum grant of shares under the programme in total is 450,000 shares based on full performance achievement.

The number of shares that may be granted the combined Executive Management will as previous programmes follow Vestas’ general guidelines for incentive pay, allowing up to a total of 120,000 shares for target achievement. The 2019 target number of shares corresponds to approx. 135 percent of the annual base salary for the Executive Management.

Time of grant The restricted performance shares will be granted in 2022 and 2024.
Key Performance Indicators The KPIs are based on financial targets including Earnings per share, Return on Capital Employed, Vestas group market share, as well as commercial targets for relevant participants. All KPIs and targets are defined by the Board of Directors. The KPIs are expected to remain the same throughout all three performance years. However, the Board of Directors will annually evaluate the selected KPIs and may redefine or adjust these for any individual performance year.
Conditions The restricted performance shares are governed by the specific terms and conditions of the programme and subject to mandatory law. If a participant chooses to leave Vestas before the time of grant, the participant’s rights to receive the shares will generally lapse.
Adjustments to the programme The number of shares available for grant may be adjusted in the event of changes in Vestas’ capital structure. In addition, calculation of the key performance indicators may be adjusted for certain non-operational events. Further, in the event of a change of control, merger, winding-up or demerger of Vestas, an accelerated grant may extraordinarily take place. In the event of certain transfers of activities or changes in ownership interests within the Vestas Group, adjustment, replacement of the programme and/or settlement in cash of the programme entirely or partly may also take place.

 

Contact details

Vestas Wind Systems A/S, Denmark

Patrik Setterberg, Vice President                          

Investor Relations

Tel: +45 6122 1913

Attachment

logo.gif

Relateret indhold
24 maj - 
Vindparkejer undersøger ny hændelse: Endnu en GE-mølle ..
24 maj - 
Ørsted: Massachusetts vil opføre yderligere havvind på ..
23 maj - 
Torsdagens aktier: Mærsk til tælling inden kvartalstal ..
Relateret debat
26 maj - 
Lyder spændende, men nu skal vi selvfølgelig have resul..
26 maj - 
Det ser ud som om at de grønne får en nøglerolle i frem..
26 maj - 
AutoBranchen Danmark mener, at: Der skal indføres en ny..
Del

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
22 maj
VWS
Vestas secures 44 MW order for V120-2.2 MW turbines with tall tower solution News release from Ves..
16
22 maj
VWS
Nu varer det ikke længe inden ordretilgangen i 2019 runder de 5GW, hvilket vi sidste år skulle helt ..
10
20 maj
VWS
https://energiwatch.dk/secure/Energinyt/Renewables/article11387585.ece
10
25 maj
VWS
Scotland- Vestas develops cost-competitive solution to secure 47 MW subsidy-free project in the UK. ..
9
21 maj
VWS
Vestas er ikke højt prisat, og slet ikke lige nu hvor den er faldet ca. 10% tilbage fra toppen . Pr..
9
20 maj
VWS
Følger du lidt med i milijø debatten? De ledende, i et marked der er umættelig.. 👍 IMHO😀
9
26 maj
VWS
Olieselskaberne betaler da heller ikke for hverken oliefyr, biler eller vejanlæg eller for den sags ..
8
20 maj
VWS
Iøvrigt værd at bemærke at den endelige ordre på en PTC ordre på 24MW ender med at blive en totalord..
7
20 maj
VWS
Vestas secures 249 MW order from EDF Renewables News release from Vestas-American Wind Technology ..
6
20 maj
VWS
Nu tager en regnemaskine ikke højde for realiteterne i markederne, der er præget af enorm usikkerhed..
5

Lars Christensens Verden - Episode 19: The Numbers Game - Tænk som en baseballtræner og find de mest attraktive aktier

24-05-2019 06:00:00
I denne episode er Maj Invests aktiechef Kura Kara og tidligere landholdsspiller og professionel basketballspiller Jens Laulund gæster i studiet til en samtale om, hvordan kvantitative analytiske metoder har vundet indpas i professionel holdsport - særligt i USA - og hvordan disse analysemetoder, der i stigende grad anvendes i  f.eks.baseball og basketball, kan lære os meget om investeringsstrateg..

Snabe køber aktier for lige under 1 mio. kr.

24-05-2019 16:07:03
Bestyrelsesformand i A.P. Møller - Mærsk Jim Hagemann Snabe har spenderet en lille million kr. på køb af aktier i firmaet.Snabe har helt præcist købt 144 stk. A-aktier i firmaet til en kurs på 6925 kr. og en samlet kursværdi af 997.200 kr.Mærsk-aktierne er fredag under pres efter selskabets regnskab for første kvartal, der blev offentliggjort fredag før børsåbningen.Mærsks A-aktie ligger kl. 16 fr..

Amerikansk hedgefund øger shortposition på Abmu til 288 mio.

24-05-2019 15:10:00
Eminence Capital har øget sin shortposition i Ambu og har nu shortet 1,21 pct. af den samlede aktiekapital i biotekselskabet mod tidligere 1,03 pct.Det fremgår fredag eftermiddag af en indberetning til Finanstilsynet. Ændringen i positionen er foretaget torsdag, fremgår det af meddelelsen.At gå kort i en aktie er at spekulere i et kursfald. Det sker ved, at spekulanten låner aktier i et selskab, s..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge

Copyright Berlingske Media 2019  Handelsbetingelser  |  Cookiedeklaration  |  Cookie- og Privatlivspolitik  |  Ophavsret og vilkår
Aktieinformation leveres af Morningstar.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
27. maj 2019 01:25:47
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20190514.2 - EUROWEB4 - 2019-05-27 01:25:47 - 2019-05-27 01:25:47 - 1 - Website: OKAY