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Rapala VMC Corporation establishes a new share-based incentive plan for key employees
Globenewswire·2025-07-23 12:05

Group 1 - The Board of Directors of Rapala VMC Corporation has established a new share-based incentive plan aimed at aligning the interests of shareholders and key employees to enhance long-term company value [1] - The Performance Share Plan 2025–2029 includes three performance periods covering financial years 2025–2027, 2026–2028, and 2027–2029, with annual resolutions on performance period details [2] - The target group for the first performance period (2025–2027) consists of approximately 60 key employees, including the Management Team and CEO, with performance criteria based on Leverage, EBIT, and Total Shareholder Return [3] Group 2 - The maximum potential rewards for the 2025–2027 period correspond to 544,000 shares of Rapala VMC, with rewards paid partly in shares and partly in cash to cover taxes and social security contributions [4] - Management Team members must hold 50% of received shares until their total shareholding equals 50% of their annual base salary, while the CEO must hold 50% until their shareholding equals 100% of their annual base salary [5] Group 3 - Rapala VMC Corporation is a leading fishing tackle company with a significant distribution network, specializing in fishing lures, treble hooks, and related tools, with net sales of EUR 221 million in 2024 and approximately 1,400 employees across 40 countries [6]